Cloud App Delivery Software Maker Graphon Secures $7.1M In Equity Financing
Summary
GraphOn, a developer of cloud application delivery solutions, this morning announced that it has secured $7.1 million in equity financing in a private placement to a group of investors, employing intellectual property investment bank MDB Capital Group as its sole agent. GraphOn also issued five year warrants to the investors for an additional 17.75 million shares of common stock with an exercise price of $0.26 per share, a 30 percent premium to the sale price of the common stock in the transaction. Founded in 1996, GraphOn Corporation is a publicly traded company headquartered in Santa Cruz, California. The company offers solutions that enable customers to access applications from a multitude of devices from basically anywhere. Its flagship product is GO-Global, a cloud application delivery and Web-enabling solution that helps customers like AT&T, Warner Music Group and Alcatel-Lucent to extend the reach of their Windows, UNIX and Linux applications to a corporate network or the Web.
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