Short Take: iMALL gets $20 million private placement
Electronic storefront site iMALL has completed a private placement of $20 million for its 9 percent convertible preferred stock and for warrants to purchase its common stock. The company will use proceeds from the private placement to expand sales and marketing efforts, retire debt, and develop its hardware and software products.
Electronic storefront site has
completed a private placement of $20 million for its 9 percent convertible
preferred stock and for warrants to purchase its common stock. The company
will use proceeds from the private placement to expand sales and marketing
efforts, retire debt, and develop its hardware and software products.