Published on 9/15/2008 in the Prospect News PIPE Daily.
New Issue: RiT Technologies settles $4 million private placement of shares
By Devika Patel
Knoxville, Tenn., Sept. 15 - RiT Technologies Ltd. said it completed a $4 million private placement of stock.
The company sold 6,153,846 ordinary shares at $0.65 per share to Stins Coman Inc.
Based in Tel Aviv, Israel, RiT Technologies is a producer and supplier of infrastructure management and asset management solutions for improved control, utilization and maintenance of networks and datacenters.
| Issuer: | RiT Technologies Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | $4 million
|
| Shares: | 6,153,846
|
| Price: | $0.65
|
| Warrants: | No
|
| Investor: | Stins Coman Inc.
|
| Settlement date: | Sept. 15
|
| Stock symbol: | Nasdaq: RIIT
|
| Stock price: | $0.89 at close Sept. 12
|
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