Tag: securities purchase agreement

Cereplast enters Securities Purchase Agreement to raise $12.5m

Cereplast enters Securities Purchase Agreement to raise $12.5m

June 2, 2011 |

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 demand […]

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