Offering sells 14,946,119 units of a share with a three-year warrant
By Devika Patel
Knoxville, Tenn., June 12 – Terra Tech Corp. completed a $2.06 million private placement of units on June 10, according to an 8-K filed with the Securities and Exchange Commission.
The company sold 14,946,119 units of one common share and one warrant at $0.1375 per unit.
Each warrant is exercisable at $0.20625 for three years. The strike price is a 71.88% premium to $0.12, the June 9 closing share price.
The Irvine, Calif., company specializes in controlled agricultural technologies.
| Issuer: | Terra Tech Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $2,055,091
|
| Units: | 14,946,119
|
| Price: | $0.1375
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.20625
|
| Settlement date: | June 10
|
| Stock symbol: | OTCBB: TRTC
|
| Stock price: | $0.12 at close June 9
|
| Market capitalization: | $30.94 million
|
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