Published on 7/30/2008 in the Prospect News PIPE Daily.
New Issue: China's NIVS IntelliMedia sells $9.43 million placement of shares
By Devika Patel
Knoxville, Tenn., July 30 - NIVS IntelliMedia Technology Group, Inc. raised $9.43 million in a private placement of shares on July 25, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 5,239,460 common shares at $1.80 per share.
NIVS IntelliMedia, a private company based in Guangdong, China, was formerly known as SRKP 19, Inc.
| Issuer: | NIVS IntelliMedia Technology Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $9,431,029
|
| Shares: | 5,239,460
|
| Price: | $1.80
|
| Warrants: | No
|
| Settlement date: | July 25
|
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