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Article: Y3K Signs $7 Million Equity Line of Credit with Cornell Capital Partners.
- Article from:
- PR Newswire
- Article date:
- January 23, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Y3K Secure Enterprise Software (YTHK), a Secure Collaborative Communications software company, announced today it has signed a financing commitment with Cornell Capital Partner LP, a New Jersey based investment firm, that will provide up to $7 million dollars in financing.
Pursuant to the terms of the funding agreement and upon an effective registration statement, Y3K has secured a firm commitment for up to $7,000,000 from Cornell to purchase shares of the company's common stock. This commitment is not contingent upon a price times volume matrix and there are no mandatory draw downs or non-withdrawal fees. Y3K has the right but not the obligation to utilize the ...
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