Blue Calypso, Inc. (OTCPK:BCYP) announced that it has entered into a securities purchase agreement with certain accredited investors for the private placement on best efforts basis of 411,765 units at a price of $0.85 per unit for gross proceeds of $350,000 on February 17, 2016. Each unit consists of one share and one quarter detachable warrant. The warrants are exercisable at an exercise price of $1.25 per share for a term of five years.

The securities are restricted. The securities will be issued pursuant to exemption provided under Regulation D. The transaction will close not later than March 31, 2016.