BOULDER — Surna Inc. (OTCQB: SRNA), a tech firm focused on products used for the indoor growth of cannabis, completed a $2.2 million private placement of nearly 14 million equity units at a price of 16 cents per unit.
Each unit consists of one share of common stock and a three-year warrant exercisable at 26 cents per share.
No placement agent was used in the offering.
After the private placement, Surna has about 177 million shares of common stock issued and outstanding. It has about 205 million shares outstanding on a fully diluted basis.
Surna said it plans to conduct additional closings with investors it has been in discussion with, but is not seeking or accepting new investors.
The private placement follows the February announcement of a $835,000 contract with Vancouver-based Sante Veritas Therapeutic. For that project, Surna will design and build an indoor grow facility, expected to be completed in the third quarter this year.