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Sep 9th, 2013
Zecotek Photonics raises $3.5M
Zecotek Photonics Inc. has sold more than 5.9 million shares of company stock at a price of 58 cents a share to raise approximately $3.5 million, the company said Wednesday.
The sale increases the nonbrokered private placement the company announced on Aug. 20 by an additional $260,000 to a total of $3,460,824. Zecotek said it will use the funds to complete the transfer of technology for commercialization, strengthen its IP portfolio, and finance purchase orders and general working capital needs.
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