Offering sells 2.6 million shares at $0.38 each to Bradford Whitmore
By Devika Patel
Knoxville, Tenn., Feb. 10 – Nanophase Technologies Corp. settled a $988,000 private placement of stock with Bradford T. Whitmore on Feb. 10, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 2.6 million common shares at $0.38 apiece. The price per share is a 9.52% discount to the Feb. 9 closing share price of $0.42.
Located in Romeoville, Ill., Nanophase develops nanocrystalline products used in sunscreens and abrasion-resistant materials.
| Issuer: | Nanophase Technologies Corp.
|
| Issue: | Common stock
|
| Amount: | $988,000
|
| Shares: | 2.6 million
|
| Price: | $0.38
|
| Warrants: | No
|
| Investor: | Bradford T. Whitmore
|
| Settlement date: | Feb. 10
|
| Stock symbol: | Nasdaq: NANX
|
| Stock price: | $0.42 at close Feb. 9
|
| Market capitalization: | $11.15 million
|
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