Kodiak Capital Group commits to purchase common shares through deal
By Devika Patel
Knoxville, Tenn., Oct. 13 – RX Safes, Inc. arranged a $1 million equity purchase agreement with Kodiak Capital Group, LLC on Oct. 7, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The investor has committed to purchase up to $1 million of the company’s common shares until Dec. 31, 2016.
The purchase price will be set at 75% of the lowest closing bid price of the stock for any trading day during the five consecutive trading days following a put notice.
Kodiak was paid a $60,000 commitment fee.
The Henderson, Nev., company designs, develops, engineers and markets fingerprint medical security storage solutions.
| Issuer: | RX Safes, Inc.
|
| Issue: | Equity purchase agreement
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| Amount: | $1 million
|
| Tenor: | Dec. 31, 2016
|
| Price: | 25% discount
|
| Warrants: | No
|
| Investor: | Kodiak Capital Group, LLC
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| Fees: | $60,000
|
| Pricing date: | Oct. 7
|
| Stock symbol: | OTCBB: RXSF
|
| Stock price: | $0.01 at close Oct. 6
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