Lumera Corporation (LMRA) Secures the Private Investment Group Kingsbridge Capital Limited at $25 Million
Lumera Corporation is a leader in the field of photonic communications and announced today that is has entered into a Committed Equity Financing Facility or CEFF. Kingsbridge has committed to provide up to $25 million over the next three years through the purchase of newly issued shares of Lumera common stock. Lumera will determine the exact timing and amount of any CEFF financing, under the terms of agreement and subject to certain conditions. The CEFF will allow Lumera to raise capital, at its discretion, to provide support to Lumera’s corporate research and development. Lumera’s Senior Vice President, Peter Biere and…