Cereplast secures $5 million in capital

September 5, 2012 |

In California, Cereplast entered into a stock purchase agreement with Ironridge Technology Co. on August 24th, for the sale of up to $5 million of convertible redeemable Series A Preferred Stock at a price of $10,000 per share.  Cereplast announced the closing of the sale on August 31.

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