Summary of TRUE DRINKS HOLDINGS, INC. – Yahoo! Finance
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Form 8-K for TRUE DRINKS HOLDINGS, INC.
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
Between August 31, 2016 and September 13, 2016, True Drinks Holdings, Inc. (the “Company”) offered and sold a total of 13,400 shares of Series C Convertible Preferred Stock (the “Series C Preferred”) to accredited investors (the “Investors”) for gross proceeds of $1.34 million in connection with the Series C Offering previously disclosed by the Company in the Current Report on Form 8-K filed on April 19, 2016. As additional consideration, the Company issued five-year warrants (the “Warrants”) to the Investors to purchase an aggregate total of approximately 8.9 million shares of the Company's common stock, par value $0.001 per share (“Common Stock”), for $0.15 per share. The Company expects to use these proceeds for genera..