Private placement stock news.

Here is some news about private placement stock:

1. Kala Pharmaceuticals' Private Placement: Kala Pharmaceuticals (KALA) has successfully completed a private placement, selling 1.2 million shares of its common stock and 9,393 shares of its Series H Convertible Non-Redeemable Preferred Stock for aggregate gross proceeds of approximately $12.5 million. The company intends to use the net proceeds to advance the clinical development of KPI-012 for the treatment of persistent corneal epithelial defect and for general corporate purposes.
2. Great Quest Fertilizer's Non-Brokered Private Placement: Great Quest Fertilizer Ltd. (GQ) plans to complete a non-brokered private placement to raise up to $2 million. The private placement will consist of up to 40 million units, with each unit priced at $0.05, comprising one share and one-half of one common share purchase warrant. The net proceeds will be used for working capital purposes and to complete the acquisition of gold and lithium claims in Namibia.
3. Sparta Group's Extension of Private Placement: Sparta Group (SAY) has extended the non-brokered private placement of up to 50 million units at $0.02 per unit until August 25, 2024. The private placement aims to raise up to $1 million for the launch of TruckSuite™ Canada. The securities issued will be subject to a four-month hold period from the date of closing.
4. Euromax Resources' Closing of Private Placement: Euromax Resources Ltd. (EOX) has closed a non-brokered private placement of 3,302,081 units at C$0.02 per unit for aggregate gross proceeds of C$66,041.62. The proceeds will be used for office and administration costs, salaries, legal and administrative fees, project working capital, and tax, audit, and accounting fees.

In conclusion, these companies have recently completed or announced private placements to raise capital for various purposes, including research and development, working capital, and corporate initiatives. Private placements are a common means for companies to access