Rightscorp, Inc. (OTCPK:RIHT) announced that it has entered into a series of securities purchase agreements for a private placement of minimum 5,000,000 common shares at $0.1 per share for gross proceeds of $500,000 and maximum of 20,000,000 common shares for gross proceeds of $2,000,000 on September 9, 2015. The company will also issue warrants to purchase a minimum of 5,000,000 shares and a maximum of 20,000,000 shares at for a period of 3 years at an exercise price of $0.15. The company will issue the securities pursuant to exemption provided under Regulation D. Each entity will pay the fees and expenses on their own for expenses incurred by them.
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- Rightscorp, Inc. announced that it expects to receive $2 million in funding.