Atlas Trinity Tech agrees $14.92 million private placement at $1.27 per share
ATTT•Atlas Trinity Tech agreed to sell 11,750,072 ordinary shares at $1.27 each in a private placement, for gross proceeds of $14.92 million. The company plans to use net proceeds for general corporate purposes.
1. Placement terms
The shares will be sold to non-U.S. persons under Regulation S and will remain unregistered under the Securities Act. Purchasers face 60-day transfer restrictions after closing, subject to exceptions and company consent; the company targets filing a resale registration statement within 60 days of closing, subject to conditions and deferral rights.
