By Sheri Kasprzak
New York, March 30 - VendingData Corp. closed a $4,306,250 private placement.
The company sold 1.625 million units at $2.65 each.
The units consist of one share and one warrant. Each warrant is exercisable at $2.65 for five years.
The units were sold to a single institutional investor, and that investor has the first right of refusal to purchase securities over a two-year period ending March 28, 2009.
Las Vegas-based VendingData develops products for the gaming industry.
| Issuer: | VendingData Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $4,306,250
|
| Units: | 1.625 million
|
| Price: | $2.65
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.65
|
| Settlement date: | March 28
|
| Stock symbol: | Amex: VNX
|
| Stock price: | $2.80 at close March 28
|
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