Enable Holdings settles $4.25 million private placement of preferreds

By Devika Patel

Knoxville, Tenn., Feb. 26 - Enable Holdings, Inc. completed a $4.25 million private placement of series 1 preferred stock on Feb. 24, according to an 8-K filed Friday with the Securities and Exchange Commission.

The investors may convert each preferred into 66.837 common shares.

Proceeds will be used to restructure debt and for general working capital purposes.

Based in Chicago, Enable operates an online marketplace.

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