Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=162e572e-6207-46a8-87f4-860b324da8a4&Preview=1
Date 10/11/2010
Company Name NanoInk
Mailing Address 8025 Lamon Ave. Skokio, IL 60077
Company Description NanoInk, Inc. is an emerging growth technology company specializing in nanometer-scale manufacturing and application development for the life science and semiconductor industries. With DPN®, a patented and proprietary nanofabrication technology that allows for unmatched flexibility and accuracy, and high-resolution Nanoencryption™ technology, NanoInk is able to offer customers innovative solutions to fight counterfeiting and illegal diversion of products.
Proceeds Purposes This financing provides working capital to continue our commercial activities and support our growing sales base, said James M. Hussey, Chief Executive Officer of NanoInk. This financing also provides an opportunity for the company to convert substantially all of our debt to equity.