By Devika Patel
Knoxville, Tenn., Aug. 19 - NXGen Holdings Inc. said it has arranged a $2.5 million equity line of credit.
The company will sell $2.5 million in common stock to a private group of investors via agent Delaney Equity Group, LLC.
Proceeds will enable the company's subsidiary, Green Bridge Industries, Inc., to begin manufacturing and producing stain remover pens.
Based in Saranac, Mich., NXGen Holdings, through subsidiary Green Bridge Industries, offers non-toxic, environmentally friendly cleaning products.
| Issuer: | NXGen Holdings Inc.
|
| Issue: | Equity line of credit
|
| Amount: | $2.5 million
|
| Warrants: | No
|
| Agent: | Delaney Equity Group, LLC
|
| Pricing date: | Aug.19
|
| Stock symbol: | Pink Sheets: NXGH
|
| Stock price: | $0.021 at close Aug. 18
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