Respect Your Universe Inc (RYU)

[dickydan]

Equity Offering

In April 2012, the Company completed a registration statement to list on Canadian TSX Venture Exchange (“TSXV”). In connection with the listing, in August 2012 the Company completed an initial public offering and issued 5,882,500 shares of common stock for $4,588,516 ($0.84/share), net of direct offering costs of $368,483. See Note 6, Other Current Assets, regarding the deferred offering costs associated with the offering as of June 30, 2012 .

Pursuant to the June 2012 agreement between the Company and its placement agent, the Company will pay a 5% cash commission on the gross proceeds to the agent as part of the offering. In addition, the agent will receive warrants as follows:

Date

Quantity Granted

Fair Value

Vesting Schedule

Expiration

August 2012
294,125 $ 118,264
294,125 upon issuance
2
Years

Has any one read the filings here?