Funding and Investment News

Funding and Investment News – including business funding, finance, private investments and related business news issued by the Send2Press Newswire service.

Utelogy Corporation Successfully Completes Series A Private Equity Offering

LOS ANGELES, Calif., Oct. 18, 2016 (SEND2PRESS NEWSWIRE) — Utelogy Corporation, creator of enterprise audio/visual control, management, services and analytics software for use in higher education and enterprises announced that it has successfully closed a fully-subscribed, private equity offering with a small group of private Accredited Investors at an undisclosed value. Funds from this offering will support the company’s current growth trajectory including software developers and additional support staff.

Sunshine Capital, Inc. Clarifies Distribution of DIBCOIN and Announces the Upcoming Opportunity for Its Shareholders

HOLLYWOOD, Fla., Oct. 5, 2016 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces clarification of its unique opportunity to shareholders. On September 23, 2016, the Company announced that it would distribute to the October 10, 2016 shareholders of record one DIBCOIN for each share that a shareholder owned.

Bank of Southern California N.A. Announces $7 Million Capital Offering

SAN DIEGO, Calif., Sept. 27, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.

UltraCap Creates Revolutionary Lightweight Car Battery

LONDON, U.K., Sept. 26, 2016 (SEND2PRESS NEWSWIRE) — Scientists from London-based UltraCap Ltd. are in the final stages of developing a “green” solid state battery for electric vehicles that they claim will be 40 times lighter than current Lithium-Ion batteries. UltraCap founders, Professor Vladimir Krstic and Nico Van Dongen, say their new battery, the UltraCapacitor, will be able to charge within minutes and that, eventually, a pocket-sized version of the battery will bring us one step closer to emission-free transportation.

Sunshine Capital, Inc. Appoints Honson Luma as VP to Assist In Its Plan to Enter the Cryptocurrency Market

HOLLYWOOD, Fla., Aug. 10, 2016 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces that it has appointed Honson Luma as Vice President of Sunshine Capital, Inc. and DIB Funding, Inc. to assist both companies’ entry in the cryptocurrency market.