GlobalWise Investments, Inc. (GWIV) Secures Financing Deals, Expands Sales and Marketing Strategies
GlobalWise Investments today announced that a series of steps have been completed to strengthen its balance sheet as well as expand its sales and marketing program for IntelliCloud™. The company secured a $500,000 convertible notes financing with a cash coupon of 10% and a principle that can be converted into common stock at a price of $0.08. Also, existing notes for $670,000 and accrued interest expiring this month were replaced by new convertible notes in the amount of $701,068.50 due in December 2015 with the same terms as the canceled notes. According to the press release issued today, the financing…