Deal sells 2,776,500 shares at $4.00 apiece with four-year warrants
By Devika Patel
Knoxville, Tenn., April 29 - RestorGenex Corp. settled an $11.11 million private placement of stock on April 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Maxim Group LLC was the agent.
The company sold 2.25 million common shares at $4.00 per share.
Investors also received warrants for 832,950 shares, each of which is exercisable at $4.80 for four years.
The price per share and warrant strike price are 27.27% and 12.73% discounts to the April 28 closing share price of $5.50.
The company is based in Los Angeles.
Issuer: | RestorGenex Corp.
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Issue: | Common stock
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Amount: | $11,106,000
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Shares: | 2,776,500
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Price: | $4.00
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Warrants: | For 832,950 shares
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Warrant expiration: | Four years
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Warrant strike price: | $4.80
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Agent: | Maxim Group LLC
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Settlement date: | April 29
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Stock symbol: | OTCBB: RESX
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Stock price: | $5.50 at close on April 28
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Market capitalization: | $46.11 million
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