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Article: Vertex Interactive Announces Completion Of $500,000 Bridge Financing; Initial Tranche of $4 Million in New Financing.
- Article from:
- Business Wire
- Article date:
- December 16, 2002
CopyrightCOPYRIGHT 2002 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)
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Business Editors
PARAMUS, N.J.--(BUSINESS WIRE)--Dec. 16, 2002
Vertex Interactive, Inc. (OTCBB:VETX), a leading provider of supply chain execution solutions, today announced that its Enterprise Software Division had closed on its previously announced bridge financing of $500,000.
This is the first tranche of a new funding initiative for the Enterprise Software Division pursuant to which Charles Street Securities, Inc ("CSS") will underwrite, on a best efforts basis, together with MidMark Capital, and subject to certain conditions, up to $3.75 million of new equity financing directly into the Enterprise Software Division, all as previously ...