By Sheri Kasprzak
New York, Jan. 23 - VendingData Corp. wrapped a private placement of stock for $2.65 million.
The company sold 1 million shares in the deal and issued warrants for 16 million shares to Elixir Group Ltd.
Each warrant is exercisable at prices ranging from $2.65 to $5.50 each for three years. The warrants become exercisable on March 31.
The offering was priced on Oct. 11.
Las Vegas-based VendingData develops products for the gaming industry.
| Issuer: | VendingData Corp.
|
| Issue: | Stock
|
| Amount: | $2.65 million
|
| Shares: | 1 million
|
| Price: | $2.65
|
| Warrants: | For 16 million shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | Ranging from $2.65 to $5.50
|
| Investor: | Elixir Group Ltd.
|
| Pricing date: | Oct. 11
|
| Settlement date: | Jan. 18
|
| Stock symbol: | Amex: VNX
|
| Stock price: | $2.00 at close Jan. 18
|
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