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Article: Brilliant Digital Entertainment Completes New Financing.
- Article from:
- Business Wire
- Article date:
- September 9, 2002
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Business Editors
LOS ANGELES--(BUSINESS WIRE)--Sept. 9, 2002
Brilliant Digital Entertainment, Inc. (AMEX:BDE), a developer and distributor of rich media advertising technologies and, through its Altnet subsidiary, secure peer-to-peer solutions for content distribution, reported today that it has raised $1,070,000 in a private placement of its equity securities.
The Company sold 7,123,836 shares of its common stock at a price per share of $0.1502, 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 consecutive trading days immediately preceding August 26, ...