Financing sells 2,893,828 common shares along with three-year warrants
By Devika Patel
Knoxville, Tenn., Feb. 17 – root9B Technologies, Inc. completed a $1.28 million private placement of stock on Jan. 17, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 652,174 common shares at $1.10 per share. The price per share is a 21.43% discount to the $1.40 closing share price on Feb. 13.
The investors also received warrants for 1,068,390 shares. Each warrant is exercisable at $0.80 for three years. The strike price is a 42.86% discount to the Feb. 13 closing share price.
The Charlotte, N.C., company offers cybersecurity, regulatory risk mitigation and energy and controls services.
| Issuer: | root9B Technologies Inc.
|
| Issue: | Common stock
|
| Amount: | $1,278,553
|
| Shares: | 1,162,321
|
| Price: | $1.10
|
| Warrants: | For 1,068,390 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.80
|
| Settlement date: | Feb. 17
|
| Stock symbol: | OTCBB: RTNB
|
| Stock price: | $1.40 at close Feb. 13
|
| Market capitalization: | $48.16 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.
