IkeGPS announces timing of further $3 million share sale

Mon, 29 Aug 2016

By Sophie Boot Aug. 30 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, has announced the timing of its planned $3 million share purchase plan. The company raised $5.25 million earlier this month through placing more than 8 million shares at 60 cents per share, and said at the time that it was planning to raise a further $3 million. Today, ikeGPS said it would look to sell about 5 million shares at the same price to people who held the stock at 5pm yesterday, and each holder could buy as much as $15,000 of new shares, with the...

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