East Coast Diversified Corp. (ECDC) Enters into $2.5M Equity Financings
East Coast Diversified, a holding company with a portfolio of a diversified group of technology companies, today announced it has entered into two equity financings with Ironridge Technology Co., an institutional investor financing small-cap tech companies, for an aggregate of more than $2.5 million. The funding enabled ECDC to significantly reduce liabilities by settling more than $1 million in accounts payable, with the remainder to be used for growth. "This funding will help us continue the momentum we are experiencing with our businesses and manage growth more effectively, 45 percent of the payable funding is related to manufactured inventory that…