Linux Today: Linux News On Internet Time.

More on LinuxToday

BW: Merlin Software Announces $2.1 Million Funding

Aug 24, 2000, 21:13 (0 Talkback[s])


Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame

"Merlin Software Technologies, a leading developer of Linux based software applications and utilities, today announced the completion of a private placement."

"Under the terms of the placement Merlin sold an aggregate of US $2.1 million in Convertible Notes and 1,520,000 Share Purchase Warrants. $1.1 million was advanced to the company at closing and a further $1.0 million is due seven trading days after the effectiveness of a registration with the SEC."

"The registration statement will qualify the resale of the shares of the Company's common stock, issuable upon the conversion of the Convertible Notes and the exercise of the Share Purchase Warrants. The funding of the second tranche is subject to certain conditions as set out in the Note and Warrant Purchase Agreement."

Press Release