National Automation gets $5 million two-year equity financing deal

By Jennifer Chiou

New York, April 8 - National Automation Services, Inc. announced a $5 million equity financing commitment from Ascendiant Capital Group, LLC and affiliate Ascendiant Equity Partners, LLC.

Under the agreement, the company may sell common shares during a 24-month term.

National Automation Services will determine the timing and amount of any sales of its stock.

The company said it will release details in an 8-K filing with the Securities and Exchange Commission.

Based in Henderson, Nev., the company specializes in industrial automation, project specific engineered control panels and system integration.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.