On December 21, 2016, Palladium Capital Advisors, LLC acted as placement agent for WPCS International Incorporated (the “Company”) in its private placement of 3,305 shares of Series H2 Convertible Preferred Stock of the Company, par value $0.0001 per share (the “Series H2 Shares”), and warrants to purchase 495,750 shares of common stock of the Company, par value $0.0001 per share (“Common Stock”), with an exercise price of $1.21 per share (the “Warrants”). The purchase price for each Series H2 Share was $121 per share and the purchase price for each warrant was $0.1250 per share of underlying Common Stock, for an aggregate purchase price for the Series H2 Shares and Warrants of $461,968.75.
For more information see the Company’s 8K filing here.
ABOUT WPCS INTERNATIONAL INCORPORATED
WPCS is a full-service, low-voltage solutions provider, installing and servicing integrated structured cabling, audio-visual and security systems for public services, healthcare, energy and corporate enterprise markets in the United States. The Company delivers end-to-end solutions, superior project management and best-in-class products and technology. For more information about WPCS, please visit www.wpcs.com.