Xenonics Holdings, Inc. (OTCPK:XNNH) announced that it will receive $1,000,000 in a round of funding on May 12, 2014. The company will issue secured convertible notes at $25,000 in the transaction. The notes are convertible into common stock of the company. The company will issue securities pursuant to exemption provided under Regulation D. Each outside investor will invest minimum of $10,000 in the transaction. Scott Ozer of Sandlapper Securities LLC will act as placement agent to the company and will receive a sales commission of $12,150.

On the same date, the company announced that it has received in its first tranche.

On May 22, 2014, the company has received $100,000 in its second tranche.

On July 10, 2014, the company has received $90,000 in its third tranche from 39 investors.

As of July 25, 2014, the company has received $135,000 in funding from seven investors in its fourth tranche.