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On November 27, 2013, Spatializer Audio Laboratories, Inc. A (the “Company”) sold and issued 6,515,912 shares of the Company’s common stock (the “Control Shares”), $0.01 par value per share, to Lone Star Value Investors, LP, a Delaware limited partnership (“Lone Star LP”), with a primary business address at 53 Forest Avenue, First Floor, Old Greenwich, Connecticut 06870, for an aggregate purchase price of $100,000
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issued 3,267,974 shares of its common stock, $0.01 par value, in a private placement to Lone Star Value Investors, LP (“Lone Star”) at $0.0153 per share for total proceeds of $50,000.
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All posts are strictly my opinion and are not buy or sell recommendations.
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