Monday, March 27, 2017

root9B Raises $2.25M In Private Placement

Colorado Springs-based Root9B Holdings, a provider of cybersecurity services, has raised $2.25M in a private placement. The company--which recently moved from being OTC traded to the NASDAQ--said it has now raised $8.8M since September of 2016. The company said the private placement consisted of secured convertible promissory notes and common stock purchase warrants. The company has been refocusing its business to provide cyber security services. The company shifted to the Nasdaq Capital Market in December.