Company offers 20 million ordinary shares at $1.00 per share in deal
By Devika Patel
Knoxville, Tenn., Feb. 20 – Apollo Acquisition Corp. arranged a $20 million private placement of stock with Lianyungang HK New Energy Vehicle System Integration Corp. on Feb. 17, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 20 million ordinary shares at $1.00 apiece.
Settlement is expected March 16.
The private blank-check company is based in Pasadena, Calif.
| Issuer: | Apollo Acquisition Corp.
|
| Issue: | Common stock
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| Amount: | $20 million
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| Shares: | 20 million
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| Price: | $1.00
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| Warrants: | No
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| Investor: | Lianyungang HK New Energy Vehicle System Integration Corp.
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| Pricing date: | Feb. 17
|
| Settlement date: | March 16
|
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