New Issue: NeoMedia sells $2.01 million of 14% convertible debenture via financing

By Devika Patel

Knoxville, Tenn., June 3 - NeoMedia Technologies, Inc. completed a $2.01 million secured convertible debenture financing with YA Global Investments, LP on May 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The 14% debenture is convertible into common shares at an initial conversion price of $0.30 per share. It matures July 29, 2012 and interest is payable at maturity.

YA also received warrants for 5 million common shares, which are exercisable at $0.30 until May 27, 2015.

NeoMedia is a technology company based in Fort Myers, Fla.

Issuer:	NeoMedia Technologies, Inc.
Issue:	Secured convertible debenture
Amount:	$2,006,137
Maturity:	July 29, 2012
Coupon:	14%
Price:	Par
Yield:	14%
Conversion price:	$0.30
Warrants:	For 5 million shares
Warrant expiration:	May 27, 2015
Warrant strike price:	$0.30
Investor:	YA Global Investments, LP
Settlement date:	May 28
Stock symbol:	OTCBB: NEOM
Stock price:	$0.17 at close May 28
Market capitalization:	$4.08 million

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