Key Developments For PokerTek, Inc.
PokerTek, Inc. (PTEK.O) (Consolidated Issue listed on NASDAQ Capital Market)
PokerTek, Inc. Announces Additional Investment From ICP Electronics Inc.
PokerTek, Inc. announced that ICP Electronics Inc. has purchased 120,000 shares of common stock at a price of $0.90 which will be issued to ICP as soon as practicable. As announced on August 18, 2009, ICP made an initial investment in PokerTek, purchasing 565,000 shares of common stock at a price of $0.85.
PokerTek, Inc. Announces Debt Conversion
PokerTek, Inc. announced that it has entered into agreements to extinguish $1.2 million of its outstanding debt in exchange for 1,445,784 shares of common stock. Lyle Berman, James Crawford and Lee Lomax, all members of the Company's Board of Directors, participated in the debt conversion. Mr. Berman converted $500,000, Mr. Crawford converted $500,000 and Mr. Lomax converted $200,000 of outstanding loan principal to common stock. The transactions were priced at $0.83 per share, which represented the consolidated closing bid price on the NASDAQ Capital Markets exchange as of the close of the trading day immediately preceding these transactions. The shares of common stock issued in connection with the debt conversion represented approximately 11.7% of the Company's total outstanding common shares immediately preceding the transaction.
PokerTek, Inc. Announces Private Placement Of Common Stock
PokerTek, Inc. announced that it had entered into agreements to sell 686,090 shares of common stock to accredited investors at an aggregate purchase price of $500,000.
PokerTek, Inc. Announces Investment By ICP Electronics Inc.
PokerTek, Inc. announced that ICP Electronics Inc. will become a shareholder of PokerTek. Pursuant to the terms of the agreement, PokerTek will issue 565,000 shares of common stock to ICP valued at price of $0.85 per share as soon as practicable.
PokerTek, Inc. Renews Three-Year Contract With Carnival Corporation
PokerTek, Inc. announced that it has renewed its contract to provide its PokerPro automated poker tables to Carnival Corporation & PLC cruise ships for another three years.
