|
|
Article: IA Global Secures Equity Financing Commitment of up to $5,000,000 from Ascendiant Capital.
- Article from:
- Business Wire
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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)
|
SAN FRANCISCO -- IA Global Inc. (NYSE Amex US: IAO) ("IA Global" or the "Company"), a broad-based services company with a dedicated focus on the growth of existing business and expansion through mergers and acquisitions in the Pacific Rim region, announced today that it has secured a commitment from Ascendiant Capital Group, LLC, a private equity firm based in Irvine, California ("Ascendiant"), to purchase up to $5,000,000 worth of the Company's common stock over a 24-month commitment period, provided that certain conditions (including approval by the NYSE Amex) are met.
Pursuant to its definitive agreement with Ascendiant, IA Global will have the right to ...