BLiNQ Networks files details on its $7.37 million financing


XDATA – August 25th 2014

blinq networks  BLiNQ Networks raised $7.37 million from four financial backers on August 8th according to information disclosed by the company. The non-brokered equity offering was fully subscribed. The company closed three previous unregistered private placements which raised an estimated $20.46 million.
The amount offered reported to the SEC may represent only the portion of the placement earmarked by the company for US investors.

BLiNQ Networks markets and develops an end-to-end network solution which enables operators to design, predict, manage, optimize, and adapt small cell backhaul networks. Investors include New Venture Partners, Summerhill Venture Partners, and BDC Venture Capital.

The company, headquartered in Ottawa Canada, is led by Carleton Miller (President and CEO).
The executive team includes Carlton Miller and Cathi Yabsley.
The board of directors includes Andrew Garman, Joseph Catalfamo, Nazmin Alani and Ralph Faison.

The company has raised an estimated total of $27.83 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: BLiNQ Networks
Industry: Telecommunications
Amount offered: $7.37 million
Amount placed: $7.37 million
First sale: 08-08-2014
Data as of: 08-25-2014

For more information visit www.XDATA.co

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