By Sheri Kasprzak
New York, Aug. 11 - Voxware Inc. said it has completed a private placement of common shares for $6,043,500.
The company sold 188,860,967 shares at $0.032 each to several accredited investors.
The company may sell another 17,389,033 shares before Aug. 22.
The investors include Mukesh Kumar Agarwal; Cross Atlantic Technology Fund II, LP; Alan Nash; Edison Venture Fund V, LP; UBS Financial Services Inc.; Duncan John Lloyd Fitzwilliams; William H.B. Hamill; Intercontinental Services Ltd.; Productive Nominees Ltd.; James Alexandre; Anglo Irish Bank Suisse SA; David Miles Backhouse; James Beery; Francis de Hamilton; M.R. de Cavalho; Eigner, Saeb and Fariba; Andrew Daniel Fishman; Greenwood Nominees Ltd.; Lazard Capital Markets; N. Hollingworth; Jupiter Asset Management; Kestrel Services Ltd.; Kleinwort Benson Trustees Ltd.; Lonworld UK Ltd.; M.A. Loveday; Terence F. Mahony; John Nash; NCL Ltd.; Pershing Kern Nominees Ltd.; Sears Properties Ltd.; Diane Seymour-Williams; Michael Craig Stoddart; Trianon Antiques SA; Fitel Nominees Ltd.; Westminster Associates Ltd.; J.T. Woolstencroft; and Xanthus Ltd.
In addition to the private placement, the company has converted all of its outstanding series D convertible preferred stock.
The company issued a total of 650,918,093 common shares for 649,016,089 preferred shares.
Based in Lawrenceville, N.J., Voxware develops language interface technologies for industrial uses.
| Issuer: | Voxware Inc.
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| Issue: | Stock
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| Amount: | $6,043,500
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| Shares: | 188,860,967
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| Price: | $0.032
|
| Warrants: | No
|
| Investors: | See story
|
| Settlement date: | Aug. 11
|
| Stock price: | $0.049 at close Aug. 11
|
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