Best-efforts deal funds acquisition of income-producing real estate
By Devika Patel
Knoxville, Tenn., Sept. 4 - ReXit, Inc. priced its $1 million initial public offering of stock in an S-11 filed Wednesday with the Securities and Exchange Commission.
The company will sell 1 million common shares at $1.00 per share on a best-efforts basis.
Proceeds will be used for ongoing legal and accounting professional fees, operating expenses and acquiring income-producing residential and commercial real estate.
The real estate firm is based in Brooklyn, N.Y. The company expects its shares to trade on the OTCBB.
| Issuer: | ReXit, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 1 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | Sept. 4
|
| Stock exchange: | OTCBB
|
© 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.
