Offering sells common shares at $1.00 apiece with three-year warrants
By Devika Patel
Knoxville, Tenn., July 8 – eWellness Healthcare Corp. settled a $120,000 private placement of stock on June 14, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 120,000 common shares at $1.00 per share, which is a 53.85% premium to the closing price of the stock on July 7, $0.65.
The lone investor also received three-year warrants for 60,000 shares, each exercisable at $1.50, which is a 130.77% premium to the July 7 closing price.
The physical therapy telemedicine company is based in Tempe, Ariz.
| Issuer: | eWellness Healthcare Corp.
|
| Issue: | Common stock
|
| Amount: | $120,000
|
| Shares: | 120,000
|
| Price: | $1.00
|
| Warrants: | For 60,000 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.50
|
| Settlement date: | June 14
|
| Announcement date: | July 8
|
| Stock symbol: | OTCBB: EWLL
|
| Stock price: | $0.65 at close July 7
|
| Market capitalization: | $12.15 million
|
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