Stratus Media Group Inc. (SMDI) Closes $14M Financing, Details Corporate Realignment
Stratus Media Group Inc. is a global owner and operator of live entertainment events and owner of the Stratus Rewards Visa White Card, a premium lifestyle membership club. The company today announced it has successfully closed a round of financing that delivered gross proceeds of $14.1 million. Maxim Group LLC served as a placement agent for $8 million; Fusao Assets S.A. served as a placement agent for $3 million. “Since Stratus was founded, we have made significant progress in building a large portfolio of assets and preparing to monetize those assets into revenues,” Paul Feller, president and CEO stated in…