7.5 million common shares are being sold at $0.20 by Emerging Growth
By Devika Patel
Knoxville, Tenn., June 20 - Mobivity Holdings Corp. completed a $5.8 million tranche of a $7.5 million private placement of stock on June 17, according to an 8-K filed Thursday with the Securities and Exchange Commission. Emerging Growth Equities, Ltd. is the agent.
The company is selling 37.5 million common shares at $0.20 apiece, which is a 33.33% discount to the $0.30 closing price of the stock on June 14. It sold 28,975,000 shares in the initial tranche.
The private technology provider is based in Chandler, Ariz.
| Issuer: | Mobivity Holdings Corp.
|
| Issue: | Common stock
|
| Amount: | $7.5 million
|
| Shares: | 37.5 million
|
| Price: | $0.20
|
| Warrants: | No
|
| Agent: | Emerging Growth Equities, Ltd.
|
| Settlement date: | June 17 (for $5,795,000)
|
| Stock symbol: | OTCBB: MFON
|
| Stock price: | $0.30 at close June 14
|
| Market capitalization: | $9.52 million
|
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