Deal sells 8,000 shares at $2.40 each to fund general working capital
By Devika Patel
Knoxville, Tenn., Aug. 3 - Izea Inc. completed a $19,200 private placement of stock with its president and chief executive officer, Edward H. (Ted) Murphy, on Aug. 1, according to an 8-K filed Friday with the Securities and Exchange Commission.
The CEO bought 8,000 common shares at $2.40 per share.
Proceeds will be used for general working capital purposes.
Izea is an Orlando, Fla., company that connects social media publishers with advertisers.
| Issuer: | Izea Inc.
|
| Issue: | Common stock
|
| Amount: | $19,200
|
| Shares: | 8,000
|
| Price: | $2.40
|
| Warrants: | No
|
| Investor: | Edward H. (Ted) Murphy
|
| Settlement date: | Aug. 1
|
| Stock symbol: | OTCBB: IZEAD
|
| Stock price: | $0.06 at close July 31
|
| Market capitalization: | $1.97 million
|
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