Company sold 23 million common shares at $0.05 per share through deal
By Devika Patel
Knoxville, Tenn., Aug. 16 – ID Global Solutions Corp. completed a $1.15 million non-brokered private placement of stock on Aug. 10, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Network 1 Financial Securities, Inc. was the agent.
The company sold 23 million common shares at $0.05 each. The price per share is an 83.33% discount to the $0.30 closing share price on Aug. 9.
The Longwood, Fla., company develops biometric technology.
| Issuer: | ID Global Solutions Corp.
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| Issue: | Common stock
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| Amount: | $1.15 million
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| Shares: | 23 million
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| Price: | $0.05
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| Warrants: | No
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| Agent: | Network 1 Financial Securities, Inc.
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| Settlement date: | Aug. 10
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| Stock symbol: | OTCBB: IDGS
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| Stock price: | $0.30 at close Aug. 9
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| Market capitalization: | $53.49 million
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