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DLYT > SEC Filings for DLYT > Form 8-K on 23-Jul-2013All Recent SEC Filings

Show all filings for DAIS ANALYTIC CORP



Unregistered Sale of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities

On July 15, 2013, Dais Analytic Corporation (the "Company") issued, pursuant to a Stock Purchase Agreement with one private investor (the "Investor"), 2,350,000 restricted shares of the Company's common stock at a purchase price of $0.10 per share for a total of $235,000. With the issuance of the common stock, the Company issued warrants (the "Warrants") to purchase 587,500 shares of the Company's common stock at $0.50 per share. The Warrants are exercisable for 60 months. The Warrants are subject to standard anti-dilution adjustments for stock splits and other subdivisions. The proceeds from the sale of the securities shall be used for working capital purposes. No underwriter or placement agent was used in the sale of the Common Stock or Warrants.

The securities offered and described above have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The issuance of the securities in the transaction described above will be effected without registration under the Securities Act in reliance on Section 4(2) thereof. The Investor is an accredited investor, as defined under the Securities Act, and such transaction was effected without using any form of general advertising or general solicitation as such terms are used in Regulation D.

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