Company sells 2,948,856 shares at $0.35 each in first tranche of deal
By Devika Patel
Knoxville, Tenn., July 3 - Touchpoint Metrics, Inc. settled a $1.03 million initial tranche of a $2.1 million non-brokered private placement of stock on July 2, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company is selling 6 million common shares at $0.35 per share, a 42.62% discount to the closing share price of $0.61 on July 1. It sold 2,948,856 shares in the first tranche.
The San Francisco company makes and sells web-enabled software and related services for customer experience management.
| Issuer: | Touchpoint Metrics, Inc.
|
| Issue: | Common stock
|
| Amount: | $2.1 million
|
| Shares: | 6 million
|
| Price: | $0.35
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | July 2 (for $1,032,100)
|
| Stock symbol: | OTCBB: TPOI
|
| Stock price: | $0.61 at close July 1
|
| Market capitalization: | $8.01 million
|
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