Company sells 1,504,050 shares at $0.92 per share through offering
By Devika Patel
Knoxville, Tenn., July 15 – NABUfit Global Inc. said it settled a $1.38 million private placement of stock.
The company sold 1,504,050 common shares at $0.92 per share, a 42.5% discount to the July 14 closing share price of $1.60.
Jan Bech Anderson bought 403,260 shares for $371,000.
“This infusion of capital will allow the company to move forward to complete its website portal, attract additional notable athletic ambassadors and begin revenue-generating activities,” chief executive officer Brian Mertz said in a press release.
The Orem, Utah, company designs and markets an online fitness portal, NABUfit virtual training, and manufactures fitness products.
| Issuer: | NABUfit Global Inc.
|
| Issue: | Common stock
|
| Amount: | $1,383,726
|
| Shares: | 1,504,050
|
| Price: | $0.92
|
| Warrants: | No
|
| Investor: | Jan Bech Anderson (for $371,000)
|
| Pricing date: | July 15
|
| Stock symbol: | OTCBB: NBFT
|
| Stock price: | $1.60 at close July 14
|
| Market capitalization: | $38.87 million
|
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