This excerpt taken from the XIDE 8-K filed Sep 19, 2006.
Item 3.02 Unregistered Sales of Equity Securities.
On September 18, 2006, the Company completed a $50 million private placement of 14,285,714 shares of newly issued Company common stock to Tontine and Legg Mason. Additionally, pursuant to their standby commitment to the Company's $75 million rights offering, Tontine, Legg Mason and Arklow purchased in a private placement an aggregate of 10,499,841 shares of the Company's common stock for aggregate consideration of $36,749,443.50. Such private placements are exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.