ACRO Inc. announced that it has received $0.06 million in funding from Top Alpha Capital s.m. Ltd.
June 30, 2012 at 09:30 am IST
ACRO Inc. (OTCPK:ACRI) announced a private placement of convertible promissory note for gross proceeds of $62,255 on June 30, 2012. The transaction will see participation from existing investor Top Alpha Capital s.m. Ltd. The note will bear interest at 6% per annum and is convertible into common shares of the company, at the option of the holder, at a conversion price of $0.0166383 on or before December 31, 2013. The interest on the note will be payable semi-annually.
On June 30, 2012, ACRO Inc. closed the transaction.