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  • / E-Retailers

    PlanetRx.com gets prescription for cash

    PlanetRx.com shareholders have granted management authority to access the previously secured $50 million in equity financing from Alpha Venture Capital Inc. The agreement allows PlanetRx.com to sell to Alpha, under certain conditions, up to $50 million in common stock any time during the next two years. In addition, shareholders approved the company's request for authority to execute an eight-for-one reverse stock split. Enactment of the reverse...

    Posted 01/19/2001Don DavisPost a comment

    PlanetRx.com shareholders have granted management authority to access the previously secured $50 million in equity financing from Alpha Venture Capital Inc. The agreement allows PlanetRx.com to sell to Alpha, under certain conditions, up to $50 million in common stock any time during the next two…

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