Lifeloc Technologies: Equity Raise and Board Reshuffle

Lifeloc Technologies (LCTC) just unveiled an update.

In a recent private placement, a company issued 210,000 shares of its common stock at $3.80 per share to an accredited investor, raising $798,000. This transaction, detailed in a Subscription Agreement, was exempt from registration under the Securities Act. Additionally, the company’s board experienced changes with the resignation of Robert Greenlee and the appointment of Adam Kashenberg, whose expertise in finance, management, and social media marketing is expected to benefit the board. The company also released a press announcement regarding these developments, which is not considered part of its formal financial filings.

For a thorough assessment of LCTC stock, go to TipRanks’ Stock Analysis page.