GraphOn, a developer of cloud application delivery solutions, this morning announced that it has secured $7.1 million in equity financing in a private placement to a group of investors, employing intellectual property investment bank MDB Capital Group as its sole agent. GraphOn sold 35.5 million shares of its common stock at $0.20 per share. GraphOn also issued five year warrants to the investors for an additional 17.75 million shares of common stock with an exercise price of $0.26 per share, a 30 percent premium to the sale price of the common stock in the transaction.Source: http://feedproxy.google.com/~r/Techcrunch/~3/yfdHIwV40M4/
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