Einfach E-Mail-Adresse eintragen und auf "Abschicken" klicken - willkommen!
29.2.2008: Meldung: Epod International Inc.: Pre-IPO Private Placement closed
EPOD Closes $5 Million, Pre-IPO Private Placement
Wednesday February 27, 1:27 pm ET
RENO, Nev., Feb. 27, 2008 -- EPOD International Inc. (the ``Company,"" ``EPOD"") announces that, following the completion of the reorganization, EPOD International"s successor company, EPOD Solar, has closed a $5,000,000 pre-IPO private placement of units as part of its overall pre-IPO financing. Each unit consisted of $1,000 principal amount of debentures and 667 warrants at a price of $1,000 per unit. The Debentures have a three-year term, bear interest at 12% per annum and are convertible into common shares of EPOD Solar at a price of $1.50 if EPOD Solar completes an IPO by no later than May 12, 2009 or the lesser of $1.20 and a 10% discount to the last private placement price if such an IPO is not completed. The debentures are also subject to a 10% penalty if an IPO is not completed by May 12, 2009. The warrants have a term that expires one year following the closing of an IPO and are exercisable at $3.00 per share.
About EPOD: EPOD is a Grid-Integrated, eco-power utility and electric power systems provider. The Company"s operations include the engineering and construction of turn-key factories for solar panel production and material handling systems. Additionally, the Company has subsidiaries involved in the manufacturing of inverters, rectifiers, energy management systems, and solar panels.
Contact:
EPOD International Inc.
L. Mark Roseborough, President
(250)807-2211
Fax:(250)491-4279
Source: EPOD International Inc.
Wednesday February 27, 1:27 pm ET
RENO, Nev., Feb. 27, 2008 -- EPOD International Inc. (the ``Company,"" ``EPOD"") announces that, following the completion of the reorganization, EPOD International"s successor company, EPOD Solar, has closed a $5,000,000 pre-IPO private placement of units as part of its overall pre-IPO financing. Each unit consisted of $1,000 principal amount of debentures and 667 warrants at a price of $1,000 per unit. The Debentures have a three-year term, bear interest at 12% per annum and are convertible into common shares of EPOD Solar at a price of $1.50 if EPOD Solar completes an IPO by no later than May 12, 2009 or the lesser of $1.20 and a 10% discount to the last private placement price if such an IPO is not completed. The debentures are also subject to a 10% penalty if an IPO is not completed by May 12, 2009. The warrants have a term that expires one year following the closing of an IPO and are exercisable at $3.00 per share.
About EPOD: EPOD is a Grid-Integrated, eco-power utility and electric power systems provider. The Company"s operations include the engineering and construction of turn-key factories for solar panel production and material handling systems. Additionally, the Company has subsidiaries involved in the manufacturing of inverters, rectifiers, energy management systems, and solar panels.
Contact:
EPOD International Inc.
L. Mark Roseborough, President
(250)807-2211
Fax:(250)491-4279
Source: EPOD International Inc.