Spherix's SPEX North South Holdings Inc. announced that
it raised of $2.0 million through its offering of common stock to strategic
investors in the intellectual property monetization space. Proceeds will be
used to continue the monetization of patents currently owned by North South,
as well as seek additional opportunities for growth.
"We are very pleased with the success of this capital raise and the expression
of confidence from high-quality intellectual property investors," said Anthony
Hayes, Chief Executive Officer of North South Holdings. "We believe that this
financing will enable us to continue to monetize the patents we already own,
as well as seek additional growth opportunities."
Roth Capital Partners, LLC and Dawson James Securities, Inc. acted as
placement agents for the offering.
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