ANTs Software Inc. (ANTS.OB) Receives $2M Investment from Fletcher International; Revises Terms of Previous Agreement
ANTs Software Inc. consolidates hardware and software infrastructure to eliminate cost inefficiencies. The company today announced it will receive a $2 million investment from Fletcher International Ltd. as part of a previously announced $10 million March 2010 investment agreement. The investment brings Fletcher’s total investment to date at $4 million. ANTs will use the proceeds for general operating purposes, as well as for the further development of its go-to-market strategy for its database migration solutions. Per the agreement, the $2 million investment represents Fletcher’s purchase of 1.6 million additional shares at a per share price of $1.25, a 25% percent…