Company places 8 million shares to four investors in deal so far
By Marisa Wong
Madison, Wis., Sept. 5 – Vaporin, Inc. raised $880,000 from a private placement of common stock to four accredited investors on Aug. 29, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 8 million shares at $0.11 per share. The price per share is a 71.88% premium to the Aug. 28 closing share price of $0.064.
The non-brokered deal is ongoing, the filing noted.
Vaporin is a Miami-based maker and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products.
| Issuer: | Vaporin, Inc.
|
| Issue: | Common stock
|
| Amount: | $880,000
|
| Shares: | 8 million
|
| Price: | $0.11
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 29
|
| Stock symbol: | OTCBB: VAPO
|
| Stock price: | $0.064 at close Sept. 4
|
| Market capitalization: | $12.05 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
