National Automation Services, Inc. (NASV.PK) Announces Equity Financing Commitment of Up to $5 Million
National Automation Services, Inc., a public holding company focused on designing, engineering, installing and maintaining automated control systems, announced earlier today that it has obtained an equity financing commitment of $5 Million from Ascendiant Capital Group, LLC, a private equity firm, and its affiliate, Ascendiant Equity Partners, LLC. During the two-year term of the equity financing commitment, NAS may sell shares of its common stock to Ascendiant up to the total commitment amount. According to the press release, the company will determine, at its sole discretion, the timing and amount of any sales of its stock, subject to certain conditions.…