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AMERICAN CARESOURCE HOLDINGS, INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Financial Statements and Exhibits

May 9, 2014

Item 3.02. Unregistered Sale of Equity Securities.

On May 5, 2014, American CareSource Holdings, Inc. (the "Company") closed its private placement of 1,000,000 shares of the Company's common stock, par value $0.01 per share (the "Shares"), at a purchase price of $2.00 per share for an aggregate purchase price of $2,000,000 for the Shares.

The investors in the offering included John Pappajohn, Mark C. Oman and Matt Kinley, who are each directors of the Company, as well as certain other non-affiliated investors.

The private placement was exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder ("Regulation D"). The Company relied upon representations from the investors that they were "accredited investors" within the meaning of Rule 501(a) under the Securities Act as a basis for the exemptions.

Pursuant to the closing of the private placement, the Company entered into Subscription Agreements with the investors, a form of which is filed as Exhibit 10.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description 10.1 Form of Subscription Agreement 99.1 Press release of Registrant, dated May 5, 2014


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Source: Edgar Glimpses

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