Presto Automation Raises $6.0 Million and Wins Final Appeal in Case Against XAC [Yahoo! Finance]
Presto Automation, Inc. (PRST)
Company Research
Source: Yahoo! Finance
automation technology providers to the restaurant industry, today announced it has closed a financing led by its existing investors, including Remus Capital, a fund controlled by the Company's Chairman, Krishna K. Gupta, and other investors, involving the sale of $6.0 million of convertible subordinated notes (the “Notes”). One of the existing investors is also exchanging 3.0 million shares of the Company's common stock which was purchased on November 21, 2023 for $3.0 million of Notes. Chardan acted as the placement agent for the offering. “This capital injection is a strong signal of my commitment to Presto and its shareholders - we have tremendous belief in the Company's prospects in its rapidly-growing market and our continuing efforts to enhance shareholder value,” said Mr. Gupta. “On the commercial side, our Presto AI Voice product serving the drive-thru restaurant market is enjoying significant momentum. Over a period of 2 months, we have more than doubled our total number
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PRST
News
- The future of fast-food service? Cashiers are Zooming in from the Philippines to take your order at a NY fried chicken joint [Yahoo! Finance]Yahoo! Finance
- The future of fast-food service? Cashiers are Zooming in from the Philippines to take your order at a NY fried chicken joint [Fortune]Fortune
- Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum PriceGlobeNewswire
- Presto Automation cancels Fiscal Second Quarter 2024 earnings call [Yahoo! Finance]Yahoo! Finance
- Presto Automation cancels Fiscal Second Quarter 2024 earnings callGlobeNewswire
PRST
Sec Filings
- 4/15/24 - Form 424B3
- 4/15/24 - Form EFFECT
- 4/10/24 - Form S-3/A
- PRST's page on the SEC website