Southridge Partners II Enters Into A $7 Million Equity Purchase Agreement With Adama Technologies Corp (Formerly Southridge Capital).
Adama Technologies Corp. (OTCBB: ADAC), acquires, decontaminates and revitalizes brownfields. "We are pleased to have secured this $7 million USD equity purchase agreement with Southridge, a financing source that will allow us more control...
Online, August 20, 2012 (Newswire.com) - Stephen Hicks, Chairman and CEO of Southridge, announced today that Southridge Partners II LP ("Southridge"), an institutional investor, has entered into a $7 million equity purchase agreement with Adama Technologies Corp. (OTCBB: ADAC), a clean-tech company dedicated to the remediation of contaminated brownfields.
Adama Technologies Corp. (OTCBB: ADAC), acquires, decontaminates and revitalizes brownfields. "We are pleased to have secured this $7 million USD equity purchase agreement with Southridge, a financing source that will allow us more control and flexibility in capital raise," said Aviram Malik, CEO of Adama Technologies. Adama Technologies Corporation provides research for long-term permanent solutions to hazardous heavy metal waste problems. The Company markets its services to manufacturing customers which produce heavy metal waste worldwide. The company's technology treats metals, such as arsenic, cadmium, chromium, lead, and mercury, and treats multiple metals concurrently. The types of applications include soils, sludge's, ashes, baghouse dusts, and barrel wastes. The company was founded in 2007.
Southridge seeks investments in emerging growth areas, domestically and in international markets. Southridge has successfully participated in providing over $1.7 billion in capital to companies in the United States, Asia, Canada, the United Kingdom and Australia amongst other markets.
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies(formerly Southridge Capital Management aka Southridge Capital).
Southridge Structured Finance:
Since 1996, the structured finance team has made direct investment of over $1.7b into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail.
Southridge Advisory Services:
Our experience in financing over 250 public companies gives us a unique understanding to the issues facing growing companies. Our team can advise on most corporate issues from the process of becoming a public company, to individualized financing techniques, to optimized balance sheet management.