Published on 11/5/2008 in the Prospect News PIPE Daily.
New Issue: China's Yinlips wraps $4.92 million placement of convertible preferreds
By Devika Patel
Knoxville, Tenn., Nov. 5 - Yinlips Technology, Inc. completed a $4.92 million private placement of its series A convertible preferred stock on Oct. 31, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 4,473,583 preferreds at $1.10 apiece.
WestPark Capital, Inc. was the agent.
Yinlips is a private company in Shenzhen, China.
| Issuer: | Yinlips Technology, Inc.
|
| Issue: | Series A convertible preferred stock
|
| Amount: | $4,920,941.30
|
| Shares: | 4,473,583
|
| Price: | $1.10
|
| Warrants: | No
|
| Agent: | WestPark Capital, Inc.
|
| Settlement date: | Oct. 31
|
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