Deal consists of 5 million common shares sold on a best-efforts basis
By Devika Patel
Knoxville, Tenn., July 27 – ASI Aviation, Inc. priced its $5 million initial public offering of stock, according to a form S-1 filed Wednesday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $1.00 per share on a best-efforts basis.
The shell company is based in Vienna, Va. The company expects its shares to trade on the OTCBB.
| Issuer: | ASI Aviation, Inc.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 5 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | July 27
|
| Stock exchange: | OTCBB
|
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