New Issue: China's NIVS IntelliMedia wraps $2.35 million tranche of stock sale

By Devika Patel

Knoxville, Tenn., Aug. 13 - NIVS IntelliMedia Technology Group, Inc. completed a second and final tranche of a $11.78 million in a private placement of shares on Aug. 12, raising $2.35 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company raised $9.43 million in the first tranche on July 25.

NIVS IntelliMedia sold 5,239,460 common shares at $1.80 per share in the first tranche and 1,304,587 shares at that price in this one. It sold 6,544,047shares total.

WestPark Capital, Inc. was the agent.

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:	$11,779,284.60
Shares:	6,544,047
Price:	$1.80
Warrants:	No
Agent:	WestPark Capital, Inc.
Settlement date:	July 25 (for $9,431,029), Aug. 12 (for $2,348,256.60)

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