Wave Systems, a provider of computing services and solutions, has raised $3 million in a private stock placement.
The investor was not disclosed.
Wave Systems (Nasdaq: WAVX) also granted the investor additional rights and warrants that could be worth up to $8.7 million.
Cropfin.com. a licensed broker-dealer based in Atlanta, acted as the placement agent.
“We are pleased to have assisted Wave Systems in completing this transaction,” said John Canouse, CEO of Corpfin.com, in a statement. “Our investment banking team has worked with the company for several months in determining the structure of the financing and finding the right investor. We look forward to our continued relationship with the management team at Wave Systems and assisting them in reaching their capital raising goals.”
