Deal completed with a single investor at 20% discount to closing price
By Devika Patel
Knoxville, Tenn., Oct. 29 - Lithium Technology Corp. settled a private placement of stock on Oct. 25 to a single investor for $2 million, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 83,333,333 common shares at $0.024 per share. The price per share is a 20% discount to $0.03, the Oct. 22 closing share price.
Based in Plymouth Meeting, Pa., Lithium develops lithium-ion batteries.
| Issuer: | Lithium Technology Corp.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 83,333,333
|
| Price: | $0.024
|
| Warrants: | No
|
| Settlement date: | Oct. 25
|
| Stock symbol: | Pink Sheets: LTHU
|
| Stock price: | $0.03 at close Oct. 25
|
| Market capitalization: | $45.1 million
|
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