Deal sells 6,033,331 shares at $0.036 through Boenning & Scattergood
By Devika Patel
Knoxville, Tenn., May 27 – Lattice Inc. completed a $217,200 private placement of shares on May 23, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 6,033,331 common shares at $0.036 apiece, a 40% discount to the May 20 closing share price of $0.06.
Boenning & Scattergood, Inc. was the agent.
The telecommunications company is based in Pennsauken, N.J.
| Issuer: | Lattice Inc.
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| Issue: | Common shares
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| Amount: | $217,200
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| Shares: | 6,033,331
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| Price: | $0.036
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| Warrants: | No
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| Agent: | Boenning & Scattergood, Inc.
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| Settlement date: | May 23
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| Stock symbol: | OTCBB: LTTC
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| Stock price: | $0.06 at close May 20
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| Market capitalization: | $5.7 million
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