iCurie raises $17 million in private placement

By Sheri Kasprzak

New York, July 13 - iCurie, Inc. said it has completed a private placement for $17 million.

The company sold unidentified securities to a group of institutional and accredited investors.

The full details of the deal could not be determined Wednesday.

Indigo Securities LLC and Axiom Capital Management Inc. were the placement agents.

In other news, iCurie, Inc. purchased iCurie Lab Holdings Ltd., a United Kingdom-based company with a Korean operating subsidiary. Before acquiring iCurie Lab Holdings, iCurie Inc., which had been known as Cedar Mountain Distributors, Inc., was a shell company.

Now, iCurie, based in Miami, produces cooling devices based on nano-thermofluid technologies.

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