MassRoots (OTC: MSRT) just issued a press release indicating that it has raised over $1mm. The company filed a prospectus on 11/09 after the close of trading indicating that it is selling up to 6.2mm units at $1.25. Each unit includes a share of stock and a 1/2 warrant with an exercise price of $3. CEO Isaac Dietrich said:
We believe that closing $1 million in less than 12 hours without the assistance of an investment bank – one of our largest capital raises to date – speaks to the strength of the MassRoots team. We look forward to continuing to execute on our core and strategic business objectives.
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