CUI Global announces completion of $10M equity raise, Nasdaq listing

theflyonthewall.com

CUI Global announced that the company is now listed and trading on the Nasdaq. In conjunction with that listing, the company has completed a $10M equity raise with the assistance of Merriman Capital and its London advisor, Prosdocimi. The proceeds of the raise will be used by the company for working capital; to pay down and retire certain corporate debt; and to bring its new Vergence, Novum, and Solus Technologies to the marketplace.

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