COUNTERPATH CORPORATION (NASDAQ:CPAH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
COUNTERPATH CORPORATION (NASDAQ:CPAH) Files An 8-K Entry into a Material Definitive Agreement
On December 14, 2016, we entered into subscription agreements to which we agreed to sell 454,097 shares of our common stock at a price of US$2.05 per share for gross proceeds of US$930,898.85. We issued these shares effective December 15, 2016.
The foregoing description of the subscription agreements does not purport to be complete and is qualified in its entirety by reference to such agreements, form of which is attached hereto as Exhibit 10.1, and is incorporated by reference herein.
Item 3.02 Unregistered Sales of Equity Securities.
The information provided under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. We issued the shares to three persons who represented that they were not US persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction to Regulation S and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 7.01 Regulation FD Disclosure.
A News Release dated December 15, 2016 is furnished herewith.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Form of Subscription Agreement.
99.1 News Release dated December 15, 2016.
About COUNTERPATH CORPORATION (NASDAQ:CPAH)
CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks. The Company’s solutions range from software products to cloud-based services. Its software products include applications for smartphones, tablets and desktop computers, a Software Development Kit (SDK) for software developers seeking to add voice, video and messaging capabilities to their existing applications, and server-based software solutions for configuring, managing and supporting softphones and for deploying messaging and collaboration services. These software products are also available to customers in the form of cloud-based hosted services. The Company is focused on selling its software products to enterprises, telecommunication service providers and channel partners. COUNTERPATH CORPORATION (NASDAQ:CPAH) Recent Trading Information
COUNTERPATH CORPORATION (NASDAQ:CPAH) closed its last trading session up +0.02 at 2.03 with 5,665 shares trading hands.
CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks. The Company’s solutions range from software products to cloud-based services. Its software products include applications for smartphones, tablets and desktop computers, a Software Development Kit (SDK) for software developers seeking to add voice, video and messaging capabilities to their existing applications, and server-based software solutions for configuring, managing and supporting softphones and for deploying messaging and collaboration services. These software products are also available to customers in the form of cloud-based hosted services. The Company is focused on selling its software products to enterprises, telecommunication service providers and channel partners. COUNTERPATH CORPORATION (NASDAQ:CPAH) Recent Trading Information
COUNTERPATH CORPORATION (NASDAQ:CPAH) closed its last trading session up +0.02 at 2.03 with 5,665 shares trading hands.
