[July 03, 2009] Voxware Secures Financing Tweet Jul 03, 2009 (Close-Up Media via COMTEX) -- Voxware, a supplier of software for voice-driven warehousing operations, announced it has executed transaction documents for a private placement of 1,428,571 shares of its common stock, $0.001 par value, at $1.75 per share. Aggregate gross proceeds to the company will be approximately $2.5 million before expenses. In connection with the Private Placement, the company also issued warrants to purchase 142,857 shares of the company's Common Stock which will not be exercisable until the six (6) month anniversary of the date of issuance and shall expire three (3) years from the date of issuance, at an exercise price of $2.50 per share. "At Voxware we have a number of initiatives in process that continue our tradition of software innovation," said Scott Yetter, CEO of Voxware. "This financing enables us to accelerate those initiatives as well as increase funding of our sales and marketing programs." ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]