Inventergy Global, Inc. (INVT) Signs $2.15M Common Stock Purchase Agreement to Finance Licensing Strategy
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.…