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MNGA > SEC Filings for MNGA > Form 8-K on 5-Jun-2013All Recent SEC Filings

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Form 8-K for MAGNEGAS CORP


5-Jun-2013

Other Events


Item 8.01 Other Events.

On June 5, 2013, MagneGas Corporation (the "Company") closed its previously-announced underwritten public offering of 2,728,139 shares of common stock, par value $0.001 per share, and 2,728,139 warrants to purchase 682,035 shares of common stock with an exercise price of $1.35 per share, which includes the full exercise of the over-allotment option by the underwriter to purchase an additional 355,844 shares of common stock and warrants to purchase 88,961 shares of common stock with an exercise price of $1.35, at a combined price to the public of $0.90, for gross proceeds to the company of $2,455,325. The Company intends to use the proceeds from the offering for working capital and general corporate purposes. Northland Securities, Inc. acted as underwriter for the offering.


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