BioHiTech Global Completes $1.5 Million Series F Preferred Financing Convertible into Common Stock at a Fixed Price of $2.10 per Share
BioHiTech Global Completes $1.5 Million Series F Preferred Financing Convertible into Common Stock at a Fixed Price of $2.10 per Share
03/19/20, 4:24 PM
Location
chestnut ridgeMoney raised
$1.5 million
Round Type
series f
BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, today announced the Company entered into a series of Securities Purchase Agreements with certain accredited investors, including two members of the Company's Board of Directors (the "Investors"), for the sale of an aggregate of $1.5 million units (the "Units") consisting of a newly created Series F Redeemable Preferred stock (the "Series F Shares") and warrants to purchase Common Stock (the "Warrants").
Company Info
Location
chestnut ridge, new york, united states
Additional Info
BioHiTech Global, Inc. (NASDAQ: BHTG), is changing the way we think about managing waste. Our cost-effective technology solutions include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. Our unique solutions enable businesses and municipalities of all sizes to lower disposal costs while having a positive impact on the environment. When used individually or in combination, our solutions lower the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage. For more information, please visit www.biohitech.com.