QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 54, No. 2, February 2014, Posted On: 1/15/2014


Equity Firm Invests $1 Million In AVT Inc.


Emily Jed
Emily@vendingtimes.net
TAGS: vending, automated retailing, AVT investor, Ironridge Global Partners, AVT equity investment, AVT's debt, AVT stock

SAN FRANCISCO -- Ironridge Global Partners LLC said it has concluded its $1 million equity investment in AVT Inc., a Corona, CA-based developer of automated retailing systems.

The two companies entered into the deal on July 2, 2013, when Ironridge settled $1.03 million on AVT's debt in exchange for unregistered shares of common stock. The strategy behind the agreement is to accelerate revenue by increasing the number of AVT vending machines in the marketplace.

Since then, AVT's stock reportedly doubled in price to $5 per share on Jan. 8, when the transaction closed. Ironridge Global continues to be a common stockholder of the company.


Topic: Vending Features

Articles:
  • ZenBox BitCoin ATM Serves 10,000 Daily Commuters At Anaheim Transportation Hub
  • Boston Red Sox Woos Fans With Social Media-Powered Vending Machine
  • Avanti Gathers 190 Operators For Micromarket Update And Idea Exchange
  • OneShow Registration Opens; 'ExPEERience' Is NAMA's 2015 Vending Show Theme
  • Papa Bello Enterprises Acquires Mini-Dollar Stores Vending Business

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570