Company sells 20 million shares at $0.06 per share to Acorn Composite
By Devika Patel
Knoxville, Tenn., Sept. 20 - RVue Holdings, Inc. settled a $1.2 million private placement of stock with Acorn Composite Corp. on Sept. 10, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 20 million common shares at $0.06 per share. The price per share is a 60% discount to $0.15, the Sept. 7 closing share price.
Based in Fort Lauderdale, Fla., RVue offers digital advertising services.
| Issuer: | RVue Holdings, Inc.
|
| Issue: | Common stock
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| Amount: | $1.2 million
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| Shares: | 20 million
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| Price: | $0.06
|
| Warrants: | No
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| Investor: | Acorn Composite Corp.
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| Settlement date: | Sept. 10
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| Stock symbol: | OTCBB: RVUE
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| Stock price: | $0.15 at close Sept. 7
|
| Market capitalization: | $3.82 million
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