Pryor Cashman Represents Aequus Technologies Corp. in $5.575 Million Private Placement
On July 13, 2007, Pryor Cashman’s client, Aequus Technologies Corp. (Aequus), completed its $5.575 million private placement of its 8% Senior Notes and Series A-2 Preferred Stock to certain of its existing preferred stockholders, including affiliates of Softbank Capital and Wheatley Partners. Aequus was represented by Pryor Cashman in the transaction.
Aequus is a technology products and services company that develops and licenses solutions for persons with sensory and cognitive disabilities. Through its Video Relay Services Division, Aequus provides video relay services that enable people who are deaf, hard-of-hearing or speech impaired to conduct true-to-life video relay telephone calls through qualified sign language interpreters over a high-speed internet connection. Through its Digital Publishing Solutions, Aequus develops and markets digital publishing solutions designed to improve learning outcomes for all students, including students with special needs.
The Pryor Cashman team working on the transaction was led by Eric M. Hellige, chair of the firm’s Corporate Group.
