By Angela McDaniels
Tacoma, Wash., May 26 - Rising India, Inc. has received a $10 million equity investment commitment from Auctus Private Equity Fund LLC, according to a company news release.
The investment will allow the company to expand the animation support staff of its partners in Berlin and Chennai, India, chief executive officer Arthur H. Taylor said in the release.
Rising India is an Omaha-based producer of digital special effects and 3D character animation for films and TV production.
| Issuer: | Rising India, Inc.
|
| Issue: | Equity investment commitment
|
| Amount: | $10 million
|
| Warrants: | No
|
| Investor: | Auctus Private Equity Fund LLC
|
| Announcement date: | May 26
|
| Stock symbol: | Pink Sheets: RSII
|
| Stock price: | $2.00 at close May 26
|
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