Published on 6/7/2013 in the Prospect News PIPE Daily.
Trio Merger completes $100,000 private placement of promissory note
Crescendo purchases notes which convert to 200,000 warrants at $0.50
By Devika Patel
Knoxville, Tenn., June 7 - Trio Merger Corp. sold a $100,000 unsecured promissory note to Crescendo Advisors II, LLC on June 4, according to an 8-K filed Friday with the Securities and Exchange Commission.
The note may be converted to 200,000 warrants at $0.50 per warrant.
The Sunnyvale, Calif., company is working on a unified search engine for mobile applications for smart phones.
| Issuer: | Trio Merger Corp.
|
| Issue: | Unsecured promissory note
|
| Amount: | $100,000
|
| Conversion price: | $0.50 per warrant
|
| Warrants: | For 200,000 shares upon conversion
|
| Investor: | Crescendo Advisors II, LLC
|
| Settlement date: | June 4
|
| Stock symbol: | Nasdaq: TRIO
|
| Stock price: | $10.02 at close June 3
|
| Market capitalization: | $22.28 million
|
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