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News Breaks | | | | August 31, 2012 | | 16:03 EDT |  | YOD | YOU On Demand raises $3.6M in private placement
YOU On Demand Holdings announced that it has closed on a private placement with both institutional and accredited investors. The company received gross proceeds of $3,585,000 through the sale of 646,250 Class A units and 250,000 Class B units, each at $4.00 per unit. Each Class A unit consists of one share of common stock and one five-year warrant to purchase one share of common stock at $4.25. Each Class B unit consists of one share of preferred stock convertible into one share of common stock at $4.00 and one five-year warrant to purchase one share of common stock at $4.25. | |
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News For YOD From The Last 14 Days Check below for free stories on YOD the last two weeks. |
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