Company sells 5 million common shares on a self-underwritten basis
By Devika Patel
Knoxville, Tenn., Aug. 27 - Real Hip-Hop Network, Inc. priced a $25 million initial public offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $5.00 apiece on a self-underwritten, best-efforts basis.
Proceeds will be used for professional fees, general business development, administration expenses, option fees and software fees.
Based in Washington, D.C., Real Hip-Hop Network intends to provide family-appropriate hip-hop content.
| Issuer: | Real Hip-Hop Network, Inc.
|
| Issue: | Common stock
|
| Amount: | $25 million
|
| Shares: | 5 million
|
| Price: | $5.00
|
| Warrants: | No
|
| Pricing date: | Aug. 27
|
© 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.
