QualityStocksNewsBreaks – StorEn Technologies Inc. Leveraging Shareholder Support on Path to Volume Manufacturing
StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, recently announced that Accelerate New York Seed Fund (“ANYSeed”) has become a shareholder. “Over three years ago, in March of 2019, we raised funds from ANYSeed and issued them a convertible note after receiving the financing. If you’re not familiar with how convertible notes work, they are a popular fundraising instrument, a hybrid of debt and equity. They are structured as loans with the option of converting to equity, as opposed to requesting the repayment of the principal plus accrued interest,” a recent…