NXT Announces Closing of the Second $1.60 Million Tranche of Its $2.32 Million Private Placement and New Insider
As of January 11, 2023, a total amount of $1,824,865 or 9,358,282 common shares have been issued to participants in the Private Placement at a purchase price of $0.195 per common share.
- As of January 11, 2023, a total amount of $1,824,865 or 9,358,282 common shares have been issued to participants in the Private Placement at a purchase price of $0.195 per common share.
- With the closing of the second tranche, Mr. Michael P. Mork and MCAPM, LP, (together “Mork Capital”) have purchased a total of 8,750,000 common shares or $1,706,250 of the Private Placement.
- Two members of the Company’s Board of Directors participated in the first tranche of the Private Placement, for a total of $83,515.
- The Company intends to complete the remaining $495,785 of the Private Placement at a purchase price of $0.195 per Common Share by January 27, 2023.