MEDICAL TRANSCRIPTION BILLING, CORP. (NASDAQ:MTBCP) Files An 8-K Entry into a Material Definitive Agreement

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MEDICAL TRANSCRIPTION BILLING, CORP. (NASDAQ:MTBCP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

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.

(S)


MEDICAL TRANSCRIPTION BILLING, CORP Exhibit
EX-1.1 2 ex1-1.htm   PLACEMENT AGENCY AGREEMENT   August 15,…
To view the full exhibit click here