Loop Media宣布245万美元注册直接发行和私募

2024-05-31 22:33

Loop Media (NYSE:LPTV) on Friday said it has entered into a definitive securities purchase agreement for the purchase and sale of an aggregate of 9.65M shares of the company’s common stock at a purchase price of $0.15 per share of common stock in a registered direct offering.
LPTV is -20.39% to $0.1838.
The offering is expected to close on or about June 3.
Additionally, in a concurrent private placement, the company entered into a definitive securities purchase agreement with a certain director of the company for the purchase and sale of an aggregate of 4.35M shares of the company’s common stock at a purchase price of $0.2309.
The company expects the gross proceeds from the offering to be approximately $2.45 million.
The company intends to use the net proceeds from the proposed offering for working capital and to fund operations.
Source: Press Release

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