Deal funds product development, marketing, general corporate purposes
By Devika Patel
Knoxville, Tenn., Jan. 31 - Nxt-ID, Inc. priced its $1 million initial public sale of units in a Form S-1 filed Thursday with the Securities and Exchange Commission.
The company will sell 1 million units of one common share and one warrant at $1.00 per unit.
Proceeds will be used for product development, marketing and general corporate and working capital purposes.
The Shelton, Conn., technology company is focused on products, solutions and services that have a need for biometric secure access control.
| Issuer: | Nxt-ID, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1 million
|
| Units: | 1 million
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Pricing date: | Jan. 31
|
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