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Article: Brilliant Digital Entertainment Completes a Financial Transaction.
- Article from:
- Business Wire
- Article date:
- March 8, 2002
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Business Editors
LOS ANGELES--(BUSINESS WIRE)--March 8, 2002
Brilliant Digital Entertainment, Inc. (AMEX:BDE), a leading developer of 3D technologies for rich media content creation, distribution and ad serving for the Internet, reported today that they have completed a financing round and have raised $750,000 in a private placement transaction. Pursuant to the terms of a Common Stock and Warrant Purchase Agreement, the Company sold 5,673,222 shares of its common stock at a price per share equal to $0.1322, which represents the volume weighted average price (VWAP) of a share of the Company's common stock on the American Stock Exchange over the five ...