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Product category: Instrument Cases, Benchtop and Wall-Mounting Enclosures
News Release from: Inventronics
Edited by the Electronicstalk Editorial Team on 27 September 2002
Inventronics secures funding
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Inventronics has accepted a conditional offer from Mercantile Bancorp to provide $3,500,000 of subordinated debenture financing for a five-year term.
Inventronics has accepted a conditional offer from Mercantile Bancorp under which investment funds managed by Mercantile Bancorp will provide $3,500,000 of subordinated debenture financing to Inventronics for a five-year term In addition to issuing the subordinated debentures, Inventronics will issue 1,715,000 warrants that are exercisable over five years