Tagged: blinq networks

BLiNQ Networks disclosed information on its $3.5 million debt issuance


XDATA – October 7th 2015
BLiNQ Networks reported selling 78% of its debt issuance via a subscription which launched on September 22nd. According to the information disclosed, seven subscribers ponied up $2.72 million out of the $3.5 million the company expected to raise. Based on the offering’s structure, the company has until September 2016 to raise an extra $779,000. The company closed four previous unregistered private placements which raised an estimated $27.83 million.
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, BDC Venture Capital, Kensington Global Private Equity Fund as well as Win Fund.
The company, headquartered in Ottawa Canada, is led by Carlton Miller (President and CEO).
The executive team includes Ross Morgan.
The board of directors includes Andrew Garman, James Grimes, John Haydon, Joseph Catalfamo, Nazmin Alani and Ralph Faison.

The company has raised an estimated total of $30.55 million via private unregistered security offerings.

Offering recap
Status: First close
Company: BLiNQ Networks
Industry: Telecommunications
Amount offered: $3.5 million
Amount placed: $2.72 million
SEC filing: Source
First sale: 09-22-2015
Data as of: 10-06-2015

 

Hey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available here.

For more information visit www.XDATA.co

Advertisements

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