Published on 5/7/2009 in the Prospect News PIPE Daily.
New Issue: ZST concludes $4.98 million convertible preferreds placement with $587,051 tranche
By Devika Patel
Knoxville, Tenn., May 7 - ZST Digital Networks, Inc. raised $587,051 in a fifth and final tranche of a $4.98 million private placement of common stock on May 5, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced on Jan. 9.
The company sold a total of 3,110,600 preferreds at $1.60 apiece.
The private company is based in Zhengzhou, China.
| Issuer: | ZST Digital Networks, Inc.
|
| Issue: | Series A convertible preferred stock
|
| Amount: | $4,976,960
|
| Shares: | 3,110,600
|
| Price: | $1.60
|
| Warrants: | No
|
| Pricing date: | Jan. 9
|
| Settlement date: | May 7
|
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