Tag: securities purchase agreement

Cereplast enters Securities Purchase Agreement to raise $12.5m

Tweet In California, Cereplast has entered into a Securities Purchase Agreement with select institutional investors. Under the terms of the purchase agreement, the company will raise $12.5 million in an offering of 7% senior subordinated convertible notes due June 1, 2016.  Proceeds from the financing will be used for working capital to meet the increasing [...]