Max Sound takes in $1.86 million via private placement of common stock

Audio technology company sells 18,857,000 common shares at $0.10 each

By Devika Patel

Knoxville, Tenn., Oct. 24 - Max Sound Corp. concluded a $1.86 million private placement of stock on Aug. 2, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 18,857,000 common shares at $0.10 apiece. The price per share is a 66.67% discount to $0.30, the Aug. 1 closing share price.

Based in Houston, Max Sound is an audio technology company.

Issuer:	Max Sound Corp.
Issue:	Common stock
Amount:	$1,857,000
Shares:	18,857,000
Price:	$0.10
Warrants:	No
Settlement date:	Aug. 2
Stock symbol:	OTCBB: MAXD
Stock price:	$0.40 at close Aug. 2
Market capitalization:	$223.42 million

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