Summus (OTCBB: SUMU) has raised $4 million in new capital through the sale of stock warrants.
Summus, a developer of wireless data content and applications, said the funds would be used to repay debt and to fund further growth.
Summus said it now has $5.6 million in cash on hand.
“These funds will be used to pursue partnerships with additional top tier brands, to expand our marketing campaigns on new and existing mobile products, and to seek out international opportunities,” said Gary Ban, chief executive officer of Summus, in a statement.
Summus: www.summus.com
