MEDICAL TRANSCRIPTION BILLING, CORP. (NASDAQ:MTBCP) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On August 15, 2017, Medical Transcription Billing, Corp. (“MTBC” or the “Company”) entered into a Placement Agency Agreement (the “Agreement”) with Alexander Capital, LP., to which the Company agreed to issue and sell 23,695 shares of its 11% Series A Cumulative Redeemable Preferred Stock in a public offering to a Registration Statement on Form S-3 (File No. 333-210391) and a related prospectus, including the related prospectus supplement, filed with the Securities and Exchange Commission.
The net proceeds of the offering to the Company were approximately $500,000, after deducting placement agency fees and other estimated offering expenses. The Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In connection with the offering referenced above, the legal opinion as to the legality of the series A preferred stock sold is being filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated herein and into the Registration Statement by reference.
| Item 9.01 | Financial Statements and Exhibits |
| 1.1 | Medical Transcription Billing, Corp. Placement Agency Agreement dated as of August 15, 2017. |
| 5.1 | Opinion of Mazzeo Song P.C. |
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MEDICAL TRANSCRIPTION BILLING, CORP ExhibitEX-1.1 2 ex1-1.htm PLACEMENT AGENCY AGREEMENT August 15,…To view the full exhibit click here
