PCS Edventures, a provider of K-16 programmes that emphasise hands-on student experience in science, technology, engineering and maths, has completed a private placement that raised USD450,000 in net equity capital.
The private offering was fully subscribed by current shareholders and accredited investors who purchased 750,000 shares of PCS common stock at a price of USD0.60 per share.
The price at which the offering was completed represented a ten per cent discount from the closing price of PCS common stock on the OTC bulletin board on the date of the offering.
Investors also received common stock purchase warrants equivalent to 33 per cent of the number of common shares purchased in the offering.
Each stock purchase warrant expires in 24 months and allows the warrant holder to purchase shares of PCS common stock at a price of USD0.60 per share.
