Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $6.58 Million Registered Direct Offering and Concurrent Private Placement
Press Release – New York, NY – December 6, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it represented Pareteum Corporation (NYSE American: “TEUM”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in a registered direct offering and private placement offering of 7,151,146 shares of common stock and restricted five-year warrants to purchase up to 7,151,146 shares of common stock exercisable at $1.09 per warrant.
The offering was priced at $0.92 per share of common stock. The Company received gross proceeds from the offering of approximately $6.58 million.
Dawson James Securities, Inc. acted as placement agent.
The Sichenzia Ross Ference Kesner LLP team was led by Partner Darrin M. Ocasio, Counselors Cheryll Calaguio and Jeff Cahlon and Associate Evan Berger.
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