{"id":5958,"date":"2015-06-16T14:13:22","date_gmt":"2015-06-16T14:13:22","guid":{"rendered":"\/?p=5958"},"modified":"2015-06-16T14:39:35","modified_gmt":"2015-06-16T14:39:35","slug":"terra-tech-corp-otcmktstrtc-bounces-on-new-equity-financing","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-bounces-on-new-equity-financing\/","title":{"rendered":"Terra Tech Corp (OTCMKTS:TRTC) Bounces on New Equity Financing"},"content":{"rendered":"\n

After screeching to some unpleasant new 52-week lows in early June, on Friday Terra Tech Corp (OTCMKTS:TRTC<\/a>) caught a much-needed boost. The company announced a new equity financing agreement and filed an 8-K detailing it. This triggered a green reversal and TRTC<\/a> ended Friday 23% up at $0.144 per share.<\/p>\n

The company put up the 8-K filing detailing the new equity financing agreement in the afternoon and the market’s reaction was immediate. TRTC<\/a> announced a deal with three accredited investors, for the sale of a total of 14.94 million units. Each unit consists of one share of TRTC<\/a> common stock, priced at $0.1375 and one warrant to buy another share of common stock, this time at $0.2062. The warrants can only be exercised in full, with one accredited investor holding 14.5 of the 14.9 million warrants.<\/p>\n

The deal landed a total of $2.05 million in TRTC<\/a>‘s coffers. The money will be used for “general corporate purposes”.<\/p>\n

Traders seemed to have taken heart from the fact that the other parties in this new financing deal took the warrants with an exercise price at $0.20 – a good 40% above TRTC<\/a>‘s price even after Friday’s price bump. However, the $2.05 million the company received is just the number of shares sold multiplied by the sale price of the units, so the warrants are largely a bonus attached to the deal.<\/p>\n

Still, the fact that TRTC<\/a> closed a $2 million financing at market prices without any of the toxic discounts they provided in their last round of financing, is a positive, which should not be denied.<\/p>\n

How TRTC<\/a> fares from this point on and whether it manages to push over the exercise price of those warrants remains to be seen.<\/p>\n","protected":false},"excerpt":{"rendered":"

After screeching to some unpleasant new 52-week lows in early June, on Friday Terra Tech Corp (OTCMKTS:TRTC) caught a much-needed boost. The company announced a new equity financing agreement and filed an 8-K detailing...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[259],"class_list":["post-5958","post","type-post","status-publish","format-standard","hentry","category-news","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5958"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5958\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}