"We believe that same level of confidence in the strength of our business has also been demonstrated by many of our existing shareholders who represented most of the participants in the significantly oversubscribed private placement, yielding proceeds of more than $800,000 closed so far this month," states Cutaia.īy returning more than 8 million shares to treasury, the company sought to protect its current shareholders by limiting the amount of dilution that might otherwise have resulted from the private placement of its equity securities. Proceeds from the influx of new capital will be used to accelerate the execution of the company's growth strategies, including the expanded marketing of its technology products and services and the funding of a comprehensive investor relations campaign. Cutaia, b Booth's President and Chief Executive Officer. "The completion of the stock repurchase program demonstrates our confidence in the strength of our business and our commitment to delivering shareholder value." "Our Board of Directors and senior management strongly believe that b Booth's exciting new iNOTIFi technology and our prospects for growth are not reflected in the company's current stock price," said Rory J. ( OTCQB: BBTH), announces it has closed an oversubscribed equity funding of more than $800,000 with heavy support and participation from its existing shareholders, and has successfully closed its previously announced stock buy-back program in a series of private transactions, returning more than 8 Million shares to treasury.
HOLLYWOOD, CA-(Marketwired - May 19, 2016) - b Booth, Inc.
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