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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