Deal sells 897,310 shares at $4.00 apiece with four-year warrants
By Devika Patel
Knoxville, Tenn., May 22 - RestorGenex Corp. settled a $3.59 million private placement of stock on May 21, according to an 8-K filed Thursday with the Securities and Exchange Commission. Maxim Group LLC was the agent.
The company sold 897,310 common shares at $4.00 per share.
Investors also received warrants for 269,193 shares, each of which is exercisable at $4.80 for four years.
The price per share and warrant strike price are a 5.88% discount and 12.94% premium to the May 20 closing share price of $4.25.
The company is based in Los Angeles.
| Issuer: | RestorGenex Corp.
|
| Issue: | Common stock
|
| Amount: | $3,589,240
|
| Shares: | 897,310
|
| Price: | $4.00
|
| Warrants: | For 269,193 shares
|
| Warrant expiration: | Four years
|
| Warrant strike price: | $4.80
|
| Agent: | Maxim Group LLC
|
| Settlement date: | May 21
|
| Stock symbol: | OTCBB: RESX
|
| Stock price: | $4.25 at close on May 20
|
| Market capitalization: | $34.73 million
|
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