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Back to Home » December 2012 News » WPCS Secures Private Placement Financing |
WPCS Secures Private Placement Financing |
December 05, 2012
EXTON, PA--(Marketwire - Dec 5, 2012) - WPCS International Incorporated (NASDAQ: WPCS), a leader in design-build engineering services for communications infrastructure, has announced that it has entered into a private placement with six accredited investors for the sale of $4 million of senior secured convertible notes (the "Notes") and warrants (the "Warrants") to purchase shares of WPCS' common stock. The closing of this transaction is conditioned upon satisfaction of closing conditions, which have all been satisfied except receipt of the funds, which should be completed today.
Source URL: http://www.marketwire.com/mw/release.do?id=1734048&sourceType=3
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