By Sheri Kasprzak
New York, June 28 - NanoSensors, Inc. settled its previously announced private placement for $1.73 million, including $912,000 from the third tranche of the offering.
The company sold a total of 18.24 units at $50,000 each in the third and final tranche of the deal. In the full offering, the company issued 24.928 units.
Each unit is comprised of 5 million shares and warrants for 5 million additional shares.
The warrants are exercisable at $0.04 each for five years.
The first tranche of the offering, for $400,000, closed May 30, when the company sold 3.2 units at $125,000 and the second tranche, for $418,000, was settled on June 15 when the company sold 3.344 units at $125,000.
The units sold in the first and second tranches included 16 million shares and 16 million warrants.
Proceeds will be used for working capital.
Located in Santa Clara, Calif., NanoSensors develops sensors used to detect chemicals and explosive agents.
| Issuer: | NanoSensors, Inc.
|
| Issue: | Units of 5 million shares and 5 million warrants
|
| Amount: | $912,000
|
| Units: | 18.24
|
| Price: | $50,000
|
| Warrants: | For 5 million shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.04
|
| Settlement date: | June 28
|
| Stock symbol: | OTCBB: NNSR
|
| Stock price: | $0.061 at close June 28
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
