Investor Co-Investment Fund buys 1 million shares at $1.00 apiece
By Devika Patel
Knoxville, Tenn., July 17 - Lightning Gaming, Inc. completed a $1 million private placement of stock with Co-Investment Fund, II, LP on July 6, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1 million nonvoting shares at $1.00 apiece.
The investor also received warrants for 1 million shares, which are exercisable at $1.00 until Jan. 6, 2017.
Based in Boothwyn, Pa., Lightning Gaming is a private company that develops, manufactures, markets and sells electronic poker tables.
| Issuer: | Lightning Gaming, Inc.
|
| Issue: | Nonvoting stock
|
| Amount: | $1 million
|
| Shares: | 1 million
|
| Price: | $1.00
|
| Warrants: | For 1 million shares
|
| Warrant expiration: | Jan. 6, 2017
|
| Warrant strike price: | $1.00
|
| Investor: | Co-Investment Fund, II, LP
|
| Settlement date: | July 6
|
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