Zedge raises $7.675M via private placement of shares and warrants to insiders

Zedge, Inc.

Sold 2,616,447 Class B shares and warrants for 2,354,803 shares to Howard Jonas, Elliot Gibber, and another stockholder for $7.675M.
Jonas invests $6.5M for 2,218,430 shares; Gibber $650k for 221,843 shares; other $525k for 176,174 shares.
Purchase price $2.98 or $2.93 per share; warrants at 110% exercise price, 5-year term, exercisable after 6 months and stockholder approval.
No placement agent or underwriting discounts; securities unregistered under Rule 506(b).

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