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Technology Stocks : Information Management Associates - (IMAA)

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To: TFF who wrote (70)8/22/1999 2:23:00 PM
From: Rajiv  Read Replies (1) of 165
 
The Sched 13G filing link - edgar-online.com
(subscription required)

Relevant part - @Ventures III, L.P. owns 1,317,265 shares of common stock, which shares may be acquired upon the exercise of certain warrants and options currently exercisable or exercisable within the 60-day period following August 12, 1999.


From the 10-Q filing (Link - edgar-online.com

The relevant part (read the second paragraph)

On August 12, 1999, buyingedge.com (see Note 1) issued 5,319,149 shares of
Series A Preferred Stock (Series A) for $1.88 per share for aggregate gross
proceeds of $10,000,000. The $10,000,000 is to be used solely to fund the
activities of buyingedge.com.

In connection with the issuance of the Series A, IMA issued to the holders
of the Series A a warrant to purchase 621,056 shares of IMA common stock at
$4.00 per share through August 12, 2002. In addition, IMA issued to the holders
of the Series A an option to purchase 1,612,903 shares of IMA common stock at a
per share purchase price of $6.20 through August 12, 2002, provided that the
holders of the Series A simultaneously redeem the Series A to buyingedge.com.


Regards,
Rajiv
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