Rocky Mountain Chocolate Factory Raises $2.7 Million in Private Stock Sale
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Rocky Mountain Chocolate Factory Inc. raised $2.7 million through a private placement of 1,500,000 shares at $1.80 per share to ARM-D Rocky Mountain Chocolate Holdings LLC. The proceeds will be used for general working capital. The company granted the purchaser resale registration and preemptive rights, and must file a resale registration statement with the SEC within 30 days.
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