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UPDATE: eOn Communications Enters Merger Agreement with Inventergy, Announces Sale of $2.75M of Preferred Stock

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eOn Communications Corporation (NYSE: EONC) and Inventergy have announced today that they have entered into a merger agreement whereby Inventergy will merge into a wholly-owned subsidiary of eOn.  Upon satisfaction of all of the conditions to completing the merger, eOn Communications will be renamed Inventergy Global, Inc. Upon completion of… eOn Communications Corporation (EONC) and Inventergy have announced today that they have entered into a merger agreement whereby Inventergy will merge into a wholly-owned subsidiary of eOn.  Upon satisfaction of all of the conditions to completing the merger, eOn Communications will be renamed Inventergy Global, Inc. Upon completion of the merger, Inventergy stockholders will receive shares of eOn stock, such that the Inventergy stockholders in the aggregate will control eOn after the merger.  

eOn also announced that it has entered into an agreement to sell $2.75 million of its preferred stock in a private placement to certain accredited investors.  The use of proceeds from this offering is restricted until certain conditions are met, including proceeding with the proposed merger transaction with Inventergy.

Inventergy is an intellectual property (IP) acquisition and licensing company dedicated to identifying, acquiring and licensing for fair value the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, former head of IP and global strategy at Hewlett-Packard, the company leverages decades of experience, market and technology expertise, and industry connections to assist Fortune 500 companies leverage the value of their world-changing innovations to achieve

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