Company sells 10,583,350 common shares at about $0.30 apiece
By Devika Patel
Knoxville, Tenn., Aug. 29 - National Holdings Corp. negotiated a private placement of stock to raise about $3.18 million on Aug. 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company will sell 10,583,350 common shares at about $0.30 per share. The price per share is identical to the Aug. 27 closing share price.
Settlement is expected Aug. 29.
New York-based National Holdings is the holding company for National Securities Corp., National Insurance Corp. and National Holdings Mortgage Corp.
| Issuer: | National Holdings Corp.
|
| Issue: | Common stock
|
| Amount: | $3,175,000 (approximate)
|
| Shares: | 10,583,350
|
| Price: | $0.30 (approximate)
|
| Warrants: | No
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 29
|
| Stock symbol: | OTCBB: NHLD
|
| Stock price: | $0.30 at close Aug. 27
|
| Market capitalization: | $26.7 million
|
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