Taronis (TRNX) Completes $3.5 Million Convertible Preferred Offering

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Go back to Taronis (TRNX) Completes $3.5 Million Convertible Preferred Offering

Taronis Completes $3.5 Million Convertible Preferred Offering

November 15, 2019 8:30 AM EST

 Financing Intended as Interim Financing For 

Expected Initial Order on $165 Million Turkish Contract

PHOENIX, AZ, Nov. 15, 2019 (GLOBE NEWSWIRE) --  Taronis Technologies, Inc., (Taronis or the Company) (NASDAQ: TRNX), a leading renewable fuel producer serving the global industrial gas markets, today announced that it has closed a $3.5 million convertible preferred equity financing.  The transaction includes a $2.25 fixed conversion price. The investor is not permitted to convert any of the preferred equity for the first 30 days post-closing, and any unconverted balance under this... More