Ecology Coatings amends Equity 11 convertible preferreds agreement

By Devika Patel

Knoxville, Tenn., Dec. 18 - Ecology Coatings, Inc. amended its convertible preferred securities that were sold to Equity 11, Ltd., according to an 8-K filed Friday with the Securities and Exchange Commission.

The amendment, which was negotiated on Dec. 14, extends the termination date of the May 15 convertible preferred securities agreement from Dec. 15 to the earlier of June 15 or the date the company's board accepts a third-party investment agreement for at least $3 million.

Based in Salt Lake City, Ecology Coatings develops nanotechnology-enabled, ultraviolet curable coatings that are designed to drive efficiencies and clean processes in manufacturing.

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