Elephant Talk Communications To Raise Funds In Direct Offering
Elephant Talk Communications Corp, a provider of proprietary Software Defined Network Architecture platforms for the telecommunications industry has increased its previously announced registered direct offering to an aggregate of $12.0 million. The offering is led by a $4.5 million investment from Elephant Talk CEO Steven van der Velden, an increase of $1.5 million from his previously announced investment, and a $5 million investment from Crede CG III. Ltd., a wholly-owned subsidiary of Crede Capital Group, and investors placed by Dawson James to purchase an additional $2.5 million.
12 June 2013•6 mins read
