Summary
Cheniere Energy, Inc. (LNG) filed an amendment to its Form 8-K on January 27, 2004, to correct previous disclosures regarding a private placement of its common stock. The company completed this private placement on January 26, 2004, issuing 1,100,000 shares at a price of $13.50 per share to accredited investors. This transaction aimed to raise capital, with T. R. Winston & Company, Inc. serving as the placement agent and earning a 6.5% fee on the gross proceeds.
Key Highlights
- 1Cheniere Energy amended its Form 8-K filing on January 27, 2004, to correct earlier disclosures.
- 2The company successfully completed a private placement of common stock on January 26, 2004.
- 3A total of 1,100,000 shares of common stock were issued.
- 4The shares were sold at a price of $13.50 per share.
- 5The private placement was conducted with accredited investors.
- 6T. R. Winston & Company, Inc. acted as the placement agent for the transaction.
- 7The placement agent received a fee of 6.5% of the gross proceeds from the private placement.
Frequently Asked Questions
Cheniere Energy filed an amendment (8-K/A) to its original Form 8-K to correct certain disclosures previously made in a press release and the initial Form 8-K filing on January 26, 2004, concerning a private placement of its common stock.
The private placement involved the issuance of 1,100,000 shares at $13.50 per share. The gross proceeds would be $14,850,000 (1,100,000 shares * $13.50/share).
The private placement was made to 'certain accredited investors,' as defined by securities regulations, meaning they met specific income or net worth thresholds.
T. R. Winston & Company, Inc. acted as the placement agent for Cheniere Energy in this private placement. They received a fee equivalent to 6.5% of the gross proceeds generated from the sale of the shares.