Pinetree Capital closes acquisition of minority interest in Sviral
Canadian investment and merchant banking firm Pinetree Capital has closed its previously announced acquisition of a 25 percent interest in Sviral Inc. The transaction, which was valued at US$5 million, saw Pinetree pay US$500,000 in cash and issue common shares to the company, representing about 6.2 percent of Pinetree's total outstanding shares. Based in Sunnyvale, California, Sviral is a developer of technology that enables utilization of the full capacity of processing cores.
30 June 2014•2 mins read
