By Devika Patel
Knoxville, Tenn., Nov. 19 - Next 1 Interactive, Inc. settled a $1.14 million private placement of units on Nov. 13, according to an 8-K filed Thursday with the Securities and Exchange Commission. Jessup & Lamont Securities Corp. was the agent.
The company sold 1.14 million units at $1.00 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at $2.00 for three years.
Weston, Fla.-based Next 1 Interactive is an interactive media company whose focus is in video and media advertising delivered over internet and television platforms.
| Issuer: | Next 1 Interactive, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1.14 million
|
| Units: | 1.14 million
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $2.00
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| Agent: | Jessup & Lamont Securities Corp.
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| Settlement date: | Nov. 13
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| Stock symbol: | OTCBB: NXOI
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| Stock price: | $1.20 at close Nov. 13
|
| Market capitalization: | $32.1 million
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