Foldera, Inc. (FDRA.OB) Receives Important Funding From a Qualified Institutional Buyer
After the bell, Foldera announced that they have acquired additional funding adding up to $4 Million. Vision Opportunity Master Fund, Ltd. funded $1 million today with the option to purchase an additional $3 Million worth of shares at $0.60 a share, or up to 5 million shares of common stock. As part of the agreement, Vision agreed to cancel the warrants held from previous financing given in October of 2006. Foldera will file a registration statement detailing the amount of shares acquired by Vison after Foldera’s receipt of the full $4,000,000 in funding or July 31, 2007. In closing, Foldera will…