Pinetree Capital to acquire minority stake in Sviral
Canadian investment and merchant banking firm Pinetree Capital has agreed to buy a 25 percent interest in Sviral Inc, a developer of technology that enables utilization of the full capacity of processing cores. Pinetree will purchase units in the company valued at US$5 million, payable by Pinetree through US$500,000 in cash and a share issue to Sviral. The share issue will represent approximately 6.2 percent of Pinetree’s total outstanding common shares. The investment is in addition to two other proposed investments by Pinetree that are payable in shares. Sviral is based in Sunnyvale, California.
23 June 2014•3 mins read
