|From: NetworkNewsWire (Rep: 0)||Date: 01/10/2018 18:57|
|Forum: ORHub, Inc - Msg #34||Thread #673981318 (Rec: 0) |
|NetworkNewsBreaks – ORHub, Inc. (ORHB) Receives $3.8M from Exercise of Warrants|
Advanced medical software company ORHub, Inc. (OTC: ORHB) this morning announced that it has received gross proceeds of $3.86 million from the exercise of warrants prior to their expiration on December 31, 2017. The company previously announced a special exercise price of $0.35 for all series of warrants outstanding, and all warrants issued by the company have now been exercised or have expired, positioning ORHub’s capital structure for clean appreciation as revenues and earnings increase. “ORHub is privileged to have strong support from our investor community as demonstrated by the successful warrant exercise,” Colt Melby, CEO of ORHub, stated in the news release. “This additional capital will help our expansion efforts as we scale the ORHub software platform nationwide.” Per the update, ORHub has now raised the capital to allow for its transition from a development stage company into a revenue generating service provider.
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