6D Global Technologies, Inc. (NasdaqCM:SIXD) is looking for acquisition opportunities. 6D Global entered into a stock purchase agreement with a single institutional investor pursuant to which 6D Global agreed to issue and sell 1,088 shares of 6D Global's newly designated Series A Redeemable Convertible Preferred Stock of 6D Global, par value $0.00001 per share convertible into shares of 6D Global's common stock, at a fixed conversion price of $5.25 per share, at a purchase price of $10,000 per share with an 8% original issue discount, for total gross proceeds of $10 million, or the sale of approximately $10.88 million. The net proceeds of the transactions are intended to be used to finance potential future acquisitions, allow for global expansion, increase sales and marketing efforts, and/or for general corporate purposes, including working capital to foster 6D Global's continued growth.
1st Jan change | Capi. | |
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+9.84% | 318B | |
+22.40% | 213B | |
+1.44% | 147B | |
+10.74% | 56.34B | |
+3.40% | 30.56B | |
+2.49% | 29.48B | |
+93.63% | 21.69B | |
+22.42% | 20.19B | |
+0.90% | 14.83B |