November 15, 2010 at 07:00 PM
Absolute Life Solutions Inc. says it has brought in about $26 million by selling convertible preferred stock through a private placement.
Absolute, New York (OTC Bulletin Board:ALSO.ob), says the preferred stock shares come with two attached warrants and pay a rate of 12.5%.
The company hopes to raise a total of $60 million.
The chief executive officer of the company is Moshe Oratz.
- Allison Bell
NOT FOR REPRINT
© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
