Deal sells $100,000 secured notes with 30,000 common shares in units
By Devika Patel
Knoxville, Tenn., Feb. 2 – Youngevity International, Inc. took in $200,000 in the second and final tranche of a $5.25 million private placement of units on Jan. 29, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal raised $5.05 million on Jan. 6.
The notes were sold in units of one $100,000 secured note and 30,000 common shares.
The private placement sold a total of $5.25 million of notes and 1,575,000 common shares.
The 8% notes mature in one year.
The company intends to invest the proceeds in its wholly owned subsidiary, CLR Roasters, LLC, to purchase Nicaragua green coffee.
The coffee company is based in Chula Vista, Calif.
| Issuer: | Youngevity International, Inc.
|
| Issue: | Units of $100,000 of secured notes, 30,000 common shares
|
| Amount: | $5.25 million of notes, 1,575,000 shares
|
| Maturity: | One year
|
| Coupon: | 8%
|
| Call: | At par
|
| Warrants: | No
|
| Pricing date: | Jan. 6
|
| Settlement dates: | Jan. 6 (for $5.05 million); Jan. 30
|
| Stock symbol: | OTCBB: YGYI
|
| Stock price: | $0.23 at close Jan. 5
|
| Market capitalization: | $89.69 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.
