By Sheri Kasprzak
Atlanta, Jan. 14 - Multiband Corp. is planning to raise $1.4 million in a private placement.
The company plans to sell 1 million units at $1.40 each to accredited investors. The units include one share and one warrant.
The warrants allow for an additional share at $2 each.
The deal is expected to close Jan. 20.
Based in Minneapolis, Multiband is a voice, data and video systems provider to apartment buildings and time-share resorts.
| Issuer: | Multiband Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | $1.4 million
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| Shares: | 1 million
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| Price: | $1.40
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| Warrants: | One warrant per unit
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| Warrant strike price: | $2
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
|
| Stock price: | $1.459 at close Jan. 14
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