Ironhorse Target Closes FinancingPond Tech. has issued units at $2.40. Each unit has a Pond share and a warrant. Each Pond share will be converted to an Ironhorse share after the consolidation. At a 6.9 to 1 rollback, Ironhorse shares are currently trading at about $1 postconsolidation.
The private placement investors were willing to pay $2.40, for shares that can be bought right now on the open market for $1.00!