Net Element +25.8% after closing private placement [Seeking Alpha]
Net Element, Inc. (NETE)
Last net element, inc. earnings: 11/14 08:30 am
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Source: Seeking Alpha
Net Element +25.8% after closing private placementNet Element (NASDAQ:NETE) completes a $7.55M private placement of restricted common stock and warrants with a New York-based office that has made several blockchain investments.The family office purchased five-year warrants priced at $11.245 per unit. Each unit contains a share of common stock and 60% of a warrant at an exercise price of $11.12.Net Element plans to use the investment to fuel its blockchain-focused unit, which will have a decentralized cryptocurrency ecosystem connecting merchants to consumers.Net Element shares areup 25.8%.See all stocks on the move »Now read:Twilio - Growth Stabilization And Operating Leverage Are Needed »
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