By Sheri Kasprzak
New York, Oct. 27 - MetaSolv, Inc. said it concluded a private placement for $23 million.
The company issued 7,666,667 units at $3.00 each.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at $4.00 each for five years.
Raymond James Ltd. was the placement agent.
The proceeds from the offering will be used for general corporate purposes.
Based in Plano, Texas, MetaSolv provides operation support systems, including multi-service order management, inventory management and service activation capabilities, for communication service providers.
Issuer: | MetaSolv, Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | $23 million
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Units: | 7,666,667
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Price: | $3.00
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Five years
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Warrant strike price: | $4.00
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Placement agent: | Raymond James Ltd.
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Settlement date: | Oct. 27
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Stock price: | $2.90 at close Oct. 27
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