Inventergy Global, an intellectual property (IP) licensing partner, has entered into definitive agreements with several institutional investors and accredited investors who have agreed to purchase 4,673,914 shares of the company’s common stock at $0.46 per share for gross proceeds of $2.15 million. The company said it has allocated the proceeds for working capital purposes in support of its IP licensing strategies. The closing of the offering is expected to take place on or before April 7, 2015.
“We are extremely pleased by this round of funding that provides us additional resources to pursue the various deals in our current pipeline. This strengthens our ability to move those discussions along. We look forward to keeping our shareholders and prospective investors updated and are committed to becoming the leading industry standard in technology IP licensing,” Joe Beyers, chairman and CEO of Inventergy, stated in the news release.
A shelf registration statement (File No. 333-199647) relating to the securities issued in the offering has been filed with and declared effective by the Securities and Exchange Commission (SEC). A prospectus supplement relating to the offering will be filed by Inventergy with the SEC. When available, copies of the prospectus supplement, together with the accompanying prospectus, can be obtained at www.sec.gov.
For more information visit www.inventergy.com