TCA Global commits to buy company's common shares over two-year term
By Devika Patel
Knoxville, Tenn., Jan. 6 - Revolutions Medical Corp. negotiated a $2 million two-year committed equity facility with TCA Global Credit Master Fund, LP on Dec. 29, according to an 8-K filed Friday with the Securities and Exchange Commission.
The price per share will be equal to 95% of the lowest daily volume weighted average price of the company's common stock during the five consecutive trading days following an advance notice.
TCA also received a $100,000 facility fee.
Based in Mount Pleasant, S.C., Revolutions designs and develops retractable safety needle devices.
| Issuer: | Revolutions Medical Corp.
|
| Issue: | Committed equity facility
|
| Amount: | $2 million
|
| Tenor: | Two years
|
| Price: | 95% of the lowest daily volume weighted average price of the company's common stock during the five consecutive trading days following an advance notice
|
| Warrants: | No
|
| Investor: | TCA Global Credit Master Fund, LP
|
| Fees: | $100,000
|
| Pricing date: | Dec. 29
|
| Stock symbol: | OTCBB: RMCP
|
| Stock price: | $0.40 at close Dec. 29
|
© 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.
