Sale of 504,453 shares has both brokered, registered direct components
By Toni Weeks
San Luis Obispo, Calif., Nov. 21 – 6D Global Technologies, Inc. raised $1.1 million through a brokered private placement and a separate registered direct offering of stock, according to an 8-K filing with the Securities and Exchange Commission.
The company sold a total of 504,453 shares at $2.07 each. Of the proceeds, $444,899 was raised via placement agent Radnor Research & Trading Co., LLC, and $607.599 was raised through the direct registered offering.
The price per share is a 62.16% discount to the closing share price of $5.47 on Nov. 20.
The digital technology solutions provider is based in New York.
| Issuer: | 6D Global Technologies, Inc.
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| Issue: | Common shares
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| Amount: | $1,052,498
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| Shares: | 504,453
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| Price: | $2.07
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| Warrants: | No
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| Agent: | Radnor Research & Trading Co., LLC (for $444,899 of proceeds)
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| Settlement date: | Nov. 21
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| Stock symbol: | Nasdaq: SIXD
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| Stock price: | $5.47 at close Nov 20
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