Kingdon Capital Management Invests $10.0 Million in Intelligentias, Inc. (ITLI.OB)
Intelligentias, Inc., a leading proponent in the homeland security industry, announced today that Kingdon Capital Management, LLC, through affiliated funds it manages, has made a $10.0 million investment in the company. According to the terms in this $10.0 million transaction, the Kingdon funds purchased an aggregate of 12,500,000 shares of Intelligentias' series A preferred stock. Furthermore, this agreement also specified the option to purchase an aggregate of up to 6,250,000 shares of Intelligentias' common stock at price of $1.25 per share or the option to purchase 5,000,000 shares of common stock at an exercise price of $1.80 per share. The…