Adaptive Medias Raises $5.2 MM In Private Placements
- On September 15, Adaptive Medias announced it had raised $5.2 million in private placements.
- According to the press release, 8-K, and two Form D filings, the Company issued approximately 2.3 million restricted shares from two institutional investors.
- As predicted in the March 4 coverage, the Company’s revenue growth is accelerating. First half 2014 revenues were up 43.6x to $1,844,788 from $42,314 in FH 2013.