Company sells units of 100,000 shares and warrants for 50,000 shares
By Devika Patel
Knoxville, Tenn., April 5 - LabStyle Innovations Corp. settled a $1.68 million private placement of units on April 5, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 6.7 units of 100,000 common shares and warrants for 50,000 shares at $250,000 per unit.
The warrants are exercisable at $5.00.
The private Newark, Del., company develops technology for diabetic self-monitoring of blood glucose.
| Issuer: | LabStyle Innovations Corp.
|
| Issue: | Units of 100,000 common shares and warrants for 50,000 shares
|
| Amount: | $1,675,000
|
| Units: | 6.7
|
| Price: | $250,000
|
| Warrants: | Warrants for 50,000 shares per unit
|
| Warrant strike price: | $5.00
|
| Settlement date: | April 5
|
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