New Issue: Nestor concludes $5.47 million private placement

By Sheri Kasprzak

New York, Jan. 31 - Nestor, Inc. said it has settled a private placement for $5,471,124.

The company issued 1,237,811 shares at $4.42 each.

The investors also received warrants for 371,339 shares, exercisable at $4.91 each for three years.

Proceeds will be used for general corporate purposes, working capital and the repayment of a $1.25 million secured promissory note.

Based in Providence, R.I., Nestor manufactures video-based traffic safety products.

Issuer:	Nestor, Inc.
Issue:	Stock
Amount:	$5,471,124
Shares:	1,237,811
Price:	$4.42
Warrants:	For 371,339 shares
Warrant expiration:	Three years
Warrant strike price:	$4.91
Settlement date:	Jan. 31
Stock symbol:	Nasdaq: NEST
Stock price:	$5.25 at close Jan. 31

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