Net Element Announces $7.55 Million Institutional Investment to Support Blockchain-Focused Developments and Continued Growth
Net Element, Inc. (NETE)
Last net element, inc. earnings: 11/14 08:30 am
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US:NASDAQ Investor Relations:
netelement.com
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Source: GlobeNewswire
New York-Based Family Office Purchases Restricted Common Stock and Warrants at Premium to Market MIAMI, FL , Jan. 02, 2018 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale (POS), e-commerce, and mobile devices, today announced that it has completed a $7.55 million private placement of restricted common stock and warrants with a New York-based family office that has made several investments in companies with blockchain technology platforms. The investor purchased shares of the Company’s restricted common stock, and five-year warrants at a price of $11.245 per unit, each unit consisting of one share of common stock and 60% of a warrant at an exercise price of the stock’s consolidated closing bid price of $11.12 on December 29, 2017. The new investment will fuel th
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