PFO Global, Inc. announced that it has received $0.45 million in funding from Hillair Capital Management LLC
August 15, 2016
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PFO Global, Inc. (OTCPK:PFGB) announced that it has entered into a securities purchase agreement for a private placement of an original issue discount senior secured convertible debenture with existing investor, Hillair Capital Investment L.P., a fund managed by Hillair Capital Management LLC for gross proceeds of $448,000 on August 16, 2016. The debenture is convertible into common stock of the company at a fixed conversion rate of $2 per share and will mature on August 1, 2017. The company reimbursed $10,000 to Hillair Capital Management LLC. The company has received $10,000,000 in total investment from the investor till date. The company issued securities pursuant to exemption provided under Regulation D.
PFO Global, Inc. manufactures and delivers complete eyewear, prescription lenses and related services to the managed care insurance industry. It distributes distortion free polycarbonate lenses under the Resolution brand name. The Companyâs products include SmartCalc and SmartEyewear. SmartCalc proprietary software used to manufacture fully digital lens designs. Certain Company lenses are produced following the SmartCalc software calculation. SmartEyewear Online Ordering System a business-to-business online ordering software system which allows eye care providers to quickly provide all necessary information for each patientâs eyewear package and unique use. It integrates the optical provider directly with lab system. The Company utilizes this system for all of its electronic ordering.
PFO GLOBAL, INC. 
