Sunday, August 17, 2014 7:13:00 AM
Election of Mark Andrews, John F. Beaudette, Henry C. Beinstein, Harvey P. Eisen, Phillip Frost, M.D., Glenn L. Halpryn, Richard J. Lampen, Micaela Pallini and Steven D. Rubin to serve on its board of directors until the next annual meeting of stockholders; An amendment to the Company's amended and restated certificate of incorporation increasing the authorized shares of capital stock from 45 million shares to 250 million shares, of which 225 million are designated as common stock and 25 million are designated as preferred stock; An amendment to the Company's amended and restated certificate of incorporation permitting its stockholders to act by written consent; and An amendment to the Company's 2003 Stock Incentive Plan increasing the number of shares available to be granted under the plan from two million to 12 million and establishing the maximum number of shares issuable to any one individual in any particular year. The amendments to the Company's amended and restated certificate of incorporation were filed with the Delaware Secretary of State on January 21, 2009 and became effective at the time of filing. $15 Million Private Placement and Note ConversionAs previously announced, in October 2008, the Company completed the sale of 1.2 million shares of newly issued Series A Convertible Preferred Stock for $15 million at a purchase price of $12.50 per share (upon conversion, $0.35 per share of common stock). Concurrently with the closing, all of the Company's 6% convertible notes, in the principal amount of $9 million, due March 1, 2010, plus accrued interest, were converted into shares of Series A Preferred Stock at a per share price of $23.21 (upon conversion, $0.65 per share of common stock). Additionally, substantially all of the outstanding principal of Castle Brands (USA) Corp.'s 9% senior secured notes, in the principal amount of $10 million, due May 31, 2009, plus accrued interest, were converted into shares of Series A Preferred Stock at a per share price of $12.50 (upon conversion, $0.35 per share of common stock). Upon amendment of the Company's amended and restated certificate of incorporation to increase the number of authorized shares, all outstanding shares of Series A Convertible Preferred Stock automatically converted into common stock, resulting in the Company's issuance of approximately 86 million shares of common stock. The stockholders who held Series A Preferred Stock (comprised of the investors and the converting note holders) own approximately 85% of the Company's common stock. About Castle Brands Inc.Castle Brands is an emerging developer and international marketer of premium branded spirits within four categories of the spirits industry: vodka, rum, whiskey and liqueurs/cordials. Castle Brands' portfolio includes, Gosling's Rum®, Pallini® Limoncello™, Raspicello™ and Peachcello™, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Jefferson's™ and Jefferson's Reserve® Bourbon, Sam Houston® Bourbon, Boru® Vodka, Celtic Crossing® Liqueur, Sea Wynde® Rum and Brady's® Irish Cream. SOURCE: Castle Brands Inc.
Recent ROX News
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - ROX • PR Newswire (Canada) • 12/27/2023 03:25:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - ROX • PR Newswire (Canada) • 12/27/2023 03:21:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - ROX • PR Newswire (Canada) • 12/27/2023 03:00:00 PM
- Canadian Investment Regulatory Organization Trading Halt - ROX • PR Newswire (Canada) • 12/27/2023 02:58:00 PM
- Is This The Next Big Gold Discovery In Newfoundland? Early Indications Point To It • AllPennyStocks.com • 07/07/2023 11:33:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM