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USELL.COM, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Financial Statements and Exhibits

February 21, 2014

Item 3.02. Unregistered Sales of Equity Securities.

On February 14, 2014,, Inc. (the "Company") closed on the sale of 441,666 shares of common stock in a private placement offering to six accredited investors in exchange for $1,325,000. Palladium Capital Advisors, LLC acted as placement agent for the offering and were issued 35,333 five-year warrants exercisable at $3.00 per share. The net proceeds to the Company were $1,265,000.

The securities described hereunder have not been registered under the Securities Act of 1933 (the "Act") and were issued and sold in reliance upon the exemption from registration contained in Section 4(a)(2) of the Act and Rule 506(b) promulgated thereunder.

A form of Securities Purchase Agreement is filed as an exhibit under Item 9.01 and is incorporated herein by reference. The description of the offering described hereunder is qualified in its entirety by reference to the full text of the Securities Purchase Agreement, which is filed as Exhibit 10.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Exhibit No. Exhibit 10.1 Form of Securities Purchase Agreement 2

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Source: Edgar Glimpses

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