Towerstream Corporation Announces $35.0 Million Secured Financing
New York, NY – October 27, 2014 – Global Newswire – New York based securities law firm Sichenzia Ross Friedman Ference LLP announced that it has represented Towerstream Corporation in a five-year, $35 million secured debt financing agreement with affiliates of Melody Capital Partners, LP.
As part of the financing, Towerstream issued warrants to purchase 3,600,000 shares of common stock of which two-thirds of the warrants will have an exercise price of $1.26 and one-third will have an exercise price of $0.01. The Sichenzia Ross Friedman Ference LLP team was led by partner Harvey J. Kesner, Counsel Ed Schauder and Associate Avital Even-Shoshan.
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