Non-brokered deal sells 3.66 million common shares at $0.75 per share
By Devika Patel
Knoxville, Tenn., Feb. 2 – McorpCX Inc. said it completed a $2.75 million non-brokered private placement of stock.
The company sold 3.66 million common shares at $0.75 apiece. The price per share is a 62.5% discount to the $2.00 closing share price on Feb. 1.
Proceeds will be used for sales and marketing, product development and general working capital.
Based in San Francisco, McorpCX is a technology company.
| Issuer: | McorpCX Inc.
|
| Issue: | Common stock
|
| Amount: | $2,745,000
|
| Shares: | 3.66 million
|
| Price: | $0.75
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 2
|
| Stock symbol: | OTCBB: MCCX
|
| Stock price: | $2.00 at close Feb. 1
|
| Market capitalization: | $36.72 million
|
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