Adaptive Medias to sell $1.25 million units through private placement

Proceeds will be used to ‘ramp-up’ company’s sales and marketing team

By Tali Rackner

Norfolk, Va., Sept. 14 – Adaptive Medias Inc. said it entered into a securities purchase agreement for a $1.25 million private placement of convertible stock and warrants, according to a press release.

Proceeds will be used to “ramp-up” the company’s sales and marketing team for its Media Graph ad tech platform and for general working capital purposes.

Carter, Terry & Co. is the placement agent.

The content syndication and monetization company is based in Irvine, Calif.

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