|
Quotes & Info
|
| WUHN > SEC Filings for WUHN > Form 8-K on 12-Nov-2008 | All Recent SEC Filings |
12-Nov-2008
Results of Operations and Financial Condition, Unregistered Sale
All of the information furnished in Items 2.02 and 9.01 of this report, including the accompanying exhibit, are being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except to the extent expressly set forth by specific reference in such filing.
On November 11, 2008, Wuhan General Group (China), Inc. (the "Company") issued a press release reporting the financial results of the Company for the quarter ended September 30, 2008. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
On November 6 and 7, 2008, the Company raised approximately $2.03 million in gross proceeds from the exercise of a portion of the Company's Series J warrants. The Series J warrants have an exercise price of $2.33 and expired on November 7, 2008. The warrant holders exercised their Series J warrant for 873,369 shares of the Company's Series B Convertible Preferred Stock, par value $0.0001 per share, which is convertible on a one-to-one basis for the Company's common stock, par value $0.0001 per share. The Company paid approximately $203,500 in commissions in connection with theses warrant exercises. The Series B Convertible Preferred Stock was issued in a private placement transaction that was exempt from registration under Section 4(2) of the Securities Act of 1933, as amended.
(d) Exhibits
Exhibit 99.1 Press release reporting results for the quarter ended September 30, 2008, issued by the Company on November 11, 2008.
|
|