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
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