Joe's Getting a Shot of Cash

The boys over at Innovo/Joe's Jeans (NASDAQ: INNO) raised some private equity recently. The details came out today as (via MarketWatch):

$3.6 million of new equity financing through a private placement. The company said it sold 6.8 million shares at 53 cents a share in the placement, along with warrants to purchase an additional 2.1 million shares at an exercise price of 58 cents a share.

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