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Stock impact report

Know Labs secures $12M funding for further execution on clinical research and development initiatives [Seeking Alpha]

Know Labs, Inc. (KNW) 
Company Research Source: Seeking Alpha
a $4 million close with Lind Global Fund II, an investment entity managed by The Lind Partners, a New York-based institutional fund manager. The funding provided to Know Labs by Lind will come in the form of convertible secured notes that will carry an aggregate face value amount of up to $14.4 million and that will be sold to Lind for purchase prices equal to up to $12 million. "This investment will enable Know Labs to accelerate development across our four core work streams including, hardware development, expanded data collection in clinical research, algorithm development, and expansion of our defensible intellectual property moat around our technology," Ron Erickson, Chief Executive Officer commented. At the initial closing of $4 million, Know Labs received net proceeds of approximately $3.68 million, after fees, pursuant to a convertible note with a face value of $4.4 million. Recommended For You Recommended For You About KNW Stock Related Stocks Trending Analysi Show less Read more
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