{"id":1500,"date":"2014-11-19T13:58:57","date_gmt":"2014-11-19T13:58:57","guid":{"rendered":"https:\/\/palladiumcapital.com\/?p=1500"},"modified":"2014-11-24T10:21:46","modified_gmt":"2014-11-24T10:21:46","slug":"palladium-capital-advisors-completes-1550000-private-placement-for-optex-systems-holdings-otcbbopxs","status":"publish","type":"post","link":"https:\/\/www.palladiumcapital.com\/palladium-capital-advisors-completes-1550000-private-placement-for-optex-systems-holdings-otcbbopxs\/","title":{"rendered":"Palladium Capital Advisors Completes $1,550,000 Private Placement for Optex Systems Holdings (OTCBB:OPXS)"},"content":{"rendered":"<p><a href=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2014\/11\/Optex-Tombstone.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-1502 size-medium\" src=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2014\/11\/Optex-Tombstone-263x300.jpg\" alt=\"Optex Tombstone\" width=\"263\" height=\"300\" srcset=\"https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2014\/11\/Optex-Tombstone-263x300.jpg 263w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2014\/11\/Optex-Tombstone.jpg 570w\" sizes=\"(max-width: 263px) 100vw, 263px\" \/><\/a>New York, NY\u2013(November\u00a019, 2014) \u2013 Palladium Capital Advisors, LLC today announced that it acted as placement agent for Optex Systems Holdings, Inc. in its $1,550,000 private offering of convertible promissory notes.<\/p>\n<p>&nbsp;<\/p>\n<p>The offering allows for a second closing, to occur no later than 30 days from November 17, 2014, for the balance of the $2.1 million aggregate amount of the offering.\u00a0\u00a0The Notes bear interest at a rate of 12% per annum and mature two years after the date of the issuance.\u00a0\u00a0The Company may pay interest due either in cash or, at its option, through stock.\u00a0\u00a0The Notes are convertible at the option of the Investors at any time into shares of the Company\u2019s common stock, par value $0.001 per share (the \u201cCommon Stock\u201d) at a conversion price equal to $.0025 per share.\u00a0\u00a0All or part of the then remaining principal amount of the Notes may be prepaid at any time at a price equal to 125% of the sum of the remaining principal amount of the Notes to be prepaid plus all accrued and unpaid interest thereon.\u00a0\u00a0The Agreement also requires the Company to effect a 1:350 reverse split of its common stock no later than 90 days from November 17, 2014.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>ABOUT OPTEX SYSTEMS<\/strong><\/p>\n<p>Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company&#8217;s website at\u00a0<a href=\"http:\/\/www.optexsys.com\/\">www.optexsys.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY\u2013(November\u00a019, 2014) \u2013 Palladium Capital Advisors, LLC today announced that it acted as placement agent for Optex Systems Holdings, Inc. in its $1,550,000 private offering of convertible promissory notes. &nbsp; The offering allows for a second closing, to occur no later than 30 days from November 17, 2014, for the balance of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/1500"}],"collection":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/comments?post=1500"}],"version-history":[{"count":0,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/1500\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/media?parent=1500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/categories?post=1500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/tags?post=1500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}