Corpfin Places $3,000,000 PIPE Transaction for Wave Systems
Corporation
ATLANTA, Aug. 2 /PRNewswire-FirstCall/ -- Corpfin.com, Inc. (OTC:CFNC)
(BULLETIN BOARD: CFNC) , a licensed broker-dealer based in Atlanta, Georgia,
today announced the completion of a $3,000,000 private placement by Wave
Systems Corp. (NASDAQ:WAVX), for which Corpfin acted as the placement agent.
Wave Systems, a developer of trusted computing solutions and services, agreed
to sell $3,000,000 worth of shares of its common stock to an institutional
investor procured by Corpfin. Wave Systems also granted the purchaser an
additional investment right and warrants, which if exercised in their entirety
would generate an additional $8,700,000 million in gross proceeds to Wave
Systems. The shares of common stock have already been registered pursuant to a
shelf registration statement.
"We are pleased to have assisted Wave Systems in completing this transaction,"
says John Canouse, CEO of Corpfin.com, Inc. "Our investment banking team has
worked with the company for several months in determining the structure of the
financing and finding the right investor. We look forward to our continued
relationship with the management team at Wave Systems and assisting them in
reaching their capital raising goals." Corpfin has been a licensed broker-dealer since its inception in 1999. It
specializes in private placements and financings for public and private
companies, as well as certain corporate finance functions, including business
consulting and merger and acquisition services. For additional information,
visit Corpfin's website at http://www.corpfin.com/ or contact Eric Smothers at
678-366-4742.
Corpfin.com, Inc., member NASD/SIPC.
This press release is neither an offer to sell nor a solicitation of an offer
to buy any securities; such offer may only be made by a prospectus after
regulatory requirements are met. Nor shall there be any sale of any securities
in any State in which such offer, solicitation or sale would be unlawful under
the securities laws of any such State.
Statements in this press release concerning future results, performance,
expectations or intentions are forward-looking statements. Actual results,
performance or developments may differ materially from forward-looking
statements as a result of known or unknown risks, uncertainties and other
factors, including those identified in the Company's filings with the
Securities and Exchange Commission, press releases and other public
communications. In addition, nothing in the press release should be viewed as
an update or comment on earlier forward-looking statements provided by Corpfin. As noted above, because actual results, performance or developments may differ
materially from forward-looking statements, Corpfin will not update such
statements over the course of future periods. DATASOURCE: Corpfin.com, Inc.
CONTACT: Eric Smothers of Corpfin.com, Inc., +1-678-366-4742 Web site: http://www.corpfin.com/
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