Units sold in deal consist of 100,000 series A preferreds, warrants
By Devika Patel
Knoxville, Tenn., Jan. 27 - Nytex Energy Holdings, Inc. completed a private placement of units through agent National Securities Corp., according to an 8-K filed Thursday with the Securities and Exchange Commission. The $6 million offering priced on Nov. 19 and settled on Jan. 21.
The company sold 60 units at $100,000 apiece. Each unit consisted of 100,000 series A preferred shares and a warrant for 30,000 shares. Each warrant is exercisable at $2.00 for three years.
The private energy company is based in Dallas.
| Issuer: | Nytex Energy Holdings, Inc.
|
| Issue: | Units of 100,000 series A preferred shares and a warrant for 30,000 shares
|
| Amount: | $6 million
|
| Units: | 60
|
| Price: | $100,000
|
| Warrants: | Warrants for 30,000 shares per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $2.00
|
| Agent: | National Securities Corp.
|
| Pricing date: | Nov. 19
|
| Settlement date: | Jan. 21
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
