Company director Leon Wagner buys series G preferred stock in units
By Devika Patel
Knoxville, Tenn., Feb. 29 - Lighting Science Group Corp. raised $2 million in a private placement of its preferred stock units with company director Leon Wagner on Feb. 24, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
Lighting Science sold 2,000 units of one series G preferred and 83 common shares at $1,000.00 per unit.
Each preferred has a 10% dividend until Nov. 17, 2012, a 15% dividend from Nov. 17, 2012 until Feb. 21, 2014 and an 18% dividend after Feb. 21, 2014.
The Satellite Beach, Fla.-based company makes lighting devices and systems that use light-emitting diodes as the light source.
| Issuer: | Lighting Science Group Corp.
|
| Issue: | Units of one series G preferred share and 83 common shares
|
| Amount: | $2 million
|
| Units: | 2,000
|
| Price: | $1,000.00
|
| Dividends: | 10% dividend until Nov. 17, 2012, a 15% dividend from Nov. 17. 2012 until Feb. 21, 2014, an 18% dividend after Feb. 21, 2014
|
| Warrants: | No
|
| Investor: | Leon Wagner
|
| Settlement date: | Feb. 24
|
| Stock symbol: | OTCBB: LSCG
|
| Stock price: | $1.38 at close Feb. 23
|
| Market capitalization: | $237.82 million
|
© 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.
