Offering consists of common share units with warrants priced at $2.00
By Devika Patel
Knoxville, Tenn., Dec. 8 - Viper Powersports Inc. completed a private placement of units between January and October, according to an 8-K filed Wednesday with the Securities and Exchange Commission. It raised $1.08 million.
The company sold units of two common shares and one warrant at $2.00 apiece. Each warrant is exercisable at $1.00. The strike price is a 33.33% premium to the Dec. 7 closing share price of $0.75.
Based in Minneapolis, Viper Powersports makes custom motorcycles and associated products.
| Issuer: | Viper Powersports Inc.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $1,075,200
|
| Price: | $2.00
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | $1.00
|
| Announcement date: | Dec. 8
|
| Stock symbol: | OTCBB: VPWI
|
| Stock price: | $0.75 at close Dec. 7
|
| Market capitalization: | $10.27 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.
