GraphOn Corp. Announces Completion of $7.1 Million Equity Financing
Summary
SANTA CRUZ, Calif.--(BUSINESS WIRE)--GraphOn Corporation (OTCBB:GOJO), a leading worldwide developer of cloud application delivery and Web-enabling solutions, today announced the completion of $7.1 million equity financing in a private placement to a group of institutional investors. “We are pleased that MDB Capital Group recognized the value of our intellectual property and the innovation behind our proprietary cloud application delivery and Web-enabling technology.” The securities sold by GraphOn in the private placement, and the shares of common stock issuable upon exercise of the warrants, have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration or an applicable exemption from the registration requirements. GraphOn’s high-performance software solutions provide fast application access, cross-platform connectivity, and a centralized architecture that delivers a dramatically lower cost of ownership. The company’s GO-Global solutions can be used with Microsoft (MSFT) Windows, IBM AIX, Oracle (ORCL) Solaris, Hewlett-Packard (HPQ) HP-UX, Linux, Apple (AAPL) OS X and iOS, and other operating systems. MDB Capital Group, LLC is an institutional research and investment banking firm focusing exclusively on companies possessing market changing, disruptive intellectual property.
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