Investor Tarpon Bay agrees to purchase common shares at a 10% discount
By Devika Patel
Knoxville, Tenn., Feb. 18 – VNUE, Inc. arranged a $10 million two-year equity purchase agreement with Tarpon Bay Partners LLC on Feb. 18, according to an 8-K filed Thursday with the Securities and Exchange Commission.
Tarpon Bay will pay a purchase price equal to 90% of the lowest closing bid price of the common stock during the 10 trading days following a put notice.
The live music technology and digital distribution network company is based in Seattle.
| Issuer: | VNUE, Inc.
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| Issue: | Equity purchase agreement
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| Amount: | $10 million
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| Tenor: | Two years
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| Price: | 10% discount
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| Warrants: | No
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| Investor: | Tarpon Bay Partners LLC
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| Settlement date: | Feb. 18
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| Stock symbol: | OTCBB: VNUE
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| Stock price: | $0.02 at close Feb. 17
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| Market capitalization: | $7.05 million
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