New Issue: IXI Mobile announces $5.12 million placement of stock

By Laura Lutz

Des Moines, Oct. 25 - IXI Mobile, Inc. secured $5.12 million from a private placement of stock.

The company has received subscriptions for 1,423,000 common shares at $3.60 each.

The investors will also receive warrants for 853,800 shares, exercisable at $4.10 per share for five years.

Settlement is expected within one month.

IXI is a mobile technology company based in Redwood City, Calif.

Issuer:	IXI Mobile, Inc.
Issue:	Common stock
Amount:	$5,122,800
Shares:	1,423,000
Price:	$3.60
Warrants:	For 853,800 shares
Warrant expiration:	Five years
Warrant strike price:	$4.10
Announcement date:	Oct. 25
Stock symbol:	OTCBB: IXMO
Stock price:	$4.18 at close Oct. 25

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.