Company sells 357,143 common shares at $0.70 apiece through offering
By Devika Patel
Knoxville, Tenn., March 2 – Epic Stores Corp. settled a $250,000 private placement of stock on Feb. 25, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 357,143 common shares at $0.70 per share, which is a 54.55% discount to the Feb. 24 closing share price of $1.54.
Phoenix, Ariz.-based Epic Stores operates second-hand retail stores.
| Issuer: | Epic Stores Corp.
|
| Issue: | Common shares
|
| Amount: | $250,000
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| Shares: | 357,143
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| Price: | $0.70
|
| Warrants: | No
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| Settlement date: | Feb. 25
|
| Stock symbol: | OTCBB: EPSC
|
| Stock price: | $1.54 at close Feb. 24
|
| Market capitalization: | $52.61 million
|
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