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Spherix Inc Announces Closing of Private Placement of $2.6 Million in Common Stock and Warrants


Monday, 12 Nov 2012 12:28pm EST 

Spherix Inc announced the closing of previously reported agreements to sell $2.6 million of shares of its common stock together with warrants to purchase additional shares of its common stock in a private placement transaction. Spherix has issued an aggregate of 483,657 shares of common stock at a price of $5.324 per share along with warrants to purchase an additional 483,657 shares of common stock at an exercise price of $6.53 per share. The warrants shall be exercisable for a period of five years, but will not be effective until approved by the shareholders of the Company. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. acted as the exclusive placement agent for this offering. 

Company Quote

1.41
-0.07 -4.73%
29 Jul 2014