Intelligentias signed an agreement with Vision Opportunity Capital Management, LLC, a fundamental research-based investment adviser specializing in private placements, to convert $8 Million in debt to common stock equity.
Adam Benowitz, co-founder of Vision Opportunity Capital Management, stated that their company is pleased to support Intelligentias over the long term. He is delighted to see the rapid growth in the Data Retention market over the last few months, and how Intelligentias is capitalizing on opportunities presented by current and upcoming legislation. As Vision Opportunity Capital Management thoroughly reviewed the possible investment, they became more confident in the company.
The president of Intelligentias commented that Vision Opportunity Capital Management’s decision to invest in a company is a strong vote of confidence. He also explained that the conversion allows Intelligentias to move forward in acquisitions and to expand their sales channel. In conclusion, he stated that Intelligentias may now qualify to up list to a higher exchange.
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