In early October, the company announced that three private investors purchased $3 million in common stock at $0.10 per share on September 13, 2013. The Direct Public Offering strengthened the firm's balance sheet at a critical time and is the catalyst to power these lending subsidiaries, as well as supported negotiations conducted by management to raise an additional $10 million to support its new lending subsidiary, Omega Emerging Technology Finance LLC and capitalize on that unique opportunity.
Investors in the middle market commercial lending space, including CapitalSource Inc. (NYSE: CSE) or RAIT Financial Trust (NYSE: RAS), may want to take a closer look at the company as it approaches a tipping point in its development. With the required capital in place, management is well positioned to execute on its business plan and generate significant shareholder value over the long-term.Read the full press release discussing the capital raise here:
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Disclosure:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.