CUI Global announced today that it has closed on its $10 million equity raise with the aid of its U.S. investment banker, Merriman Capital, Inc., and its London advisor, Prosdocimi Ltd. Proceeds of the raise will be used for working capital and to pay down and retire certain corporate debt, as well as to bring the company’s new Vergence, Novum, and Solus Technologies to the market.
This capital infusion and its associated up-list to the Nasdaq Capital Market are momentous events for CUI Global, assuring the company’s plans to move forward with its technology strategy, commercialize its product lines, further broaden its audience, and bring increased value to the company’s shareholders.
CUI Global is a platform company specializing in maximizing shareholder value through acquiring and developing innovative companies and technologies. CUI Global touches many markets through its diversified portfolio of industry-leading technologies – from the energy sector to the networking and telecom industries. For additional information, visit www.cuiglobal.com
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