iveda solutions inc shares fell 18 to 146 after the company said it has entered into a securities purchase agreement with institutional investors to raise 5 million in proceeds through a private placement the company said the private placement includes 33 million common shares and 33 million warrants each share of stock is being sold together with accompanying warrants at a combined effective purchase price of 152 the warrants will be exercisable immediately from the date of issuance at an exercise price of 140 a share and will expire five and half years from the date of issuance the closing of the private placement is expected thursday the stock closed mondays session up 34 after the company said it received 3 million in contracts in taiwan