IRVINE, Calif., May 5, 2015 /PRNewswire/ -- Content
syndication and monetization company, Adaptive Medias, Inc.
(OTC-QB: ADTM), a leader in programmatic advertising across mobile,
video and online display, announced today that it has entered into
a purchase agreement to close three separate private placements,
totaling up to $4.5 million, from a
private investor.
In the first round of funding, the Company has agreed to sell an
aggregate of 1,183,432 million shares of its common stock at
$1.69 per share, for total gross
proceeds of $2.0 million. The company
is expected to close two additional private placement capital
raises from the same investor for $1
million and $1.5 million,
respectively, which would take place at later dates. The additional
placements are contingent on closing conditions set forth in the
purchase agreement.
Adaptive Medias intends to use the funds to continue to grow its
leadership, sales, and engineering teams to deliver innovative
product enhancements to its all-in-one digital monetization
platform Media Graph.
"We view Media Graph as the nexus of digital advertising and
content monetization for the video and mobile sectors," said
Jim Waltz, Acting COO of Adaptive
Medias, Inc. "This, combined with our advanced video player, which
we have optimized for an enhanced mobile experience, will enable us
to continue to capitalize on the accelerating trend we see for
increased video viewership by users on their smartphones and
tablets."
Waltz continued, "Adaptive Medias, Inc. is fortunate enough to
have a group of key, strategic investors that firmly believe in our
technology. These funds will enable us to continue to invest in
maintaining our best-in-class solution in a highly fragmented
digital video and mobile space."
For more information about Adaptive Medias, please visit
www.adaptivem.com.
About Adaptive Medias, Inc.
Adaptive Medias, Inc. is a
programmatic audience and content monetization provider for website
owners, app developers and video publishers who want to more
effectively optimize content through advertising. The Company
provides a foundation for publishers and developers looking to
engage brand advertisers through a multi-channel approach that
delivers integrated, engaging and impactful ads across multiple
devices. Adaptive Medias meets the needs of its publishers with an
emphasis on maintaining user experience, while delivering timely
and relevant ads through its multi-channel ad delivery and content
platform. For more information, please visit www.adaptivem.com.
Also, follow us on Twitter at @adaptive_m.
Safe Harbor Statement:
This Press Release may
contain certain forward-looking statements within the meaning of
the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc.
has tried, whenever possible, to identify these forward-looking
statements using words such as "anticipates," "believes,"
"estimates," "expects," "plans," "intends," "potential" and similar
expressions. These statements reflect Adaptive Medias' current
beliefs and are based on information currently available to it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
Adaptive Medias' actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. Adaptive Medias undertakes no obligation to update or
provide advice in the event of any change, addition or alteration
to the information contained in this Press Release including such
forward-looking statements.
Investor Contact:
AJ Homayun
ahomayun@irpartnersinc.com
818-280-6800
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SOURCE Adaptive Medias, Inc.