4,673,914 common shares sold at $0.46 each by agent Ladenburg Thalmann
By Devika Patel
Knoxville, Tenn., April 1 – Inventergy Global, Inc. arranged a $2.15 million private placement of stock on March 31, according to an 8-K filed Wednesday with the Securities and Exchange Commission. Ladenburg Thalmann & Co. Inc. was the agent.
The company will sell 4,673,914 common shares at $0.46 apiece. The per-share price represents a 12.36% premium to the March 30 closing share price of $1.78.
Settlement is expected April 7.
Proceeds will be used for working capital purposes.
The communications technology company is based in Campbell, Calif.
| Issuer: | Inventergy Global, Inc.
|
| Issue: | Common stock
|
| Amount: | $2.15 million
|
| Shares: | 4,673,914
|
| Price: | $0.46
|
| Warrants: | No
|
| Agent: | Ladenburg Thalmann & Co. Inc.
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
| Stock symbol: | Nasdaq: INVT
|
| Stock price: | $1.78 at close March 30
|
| Market capitalization: | $38.26 million
|
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