PARSIPPANY, N.J.-Aquis Communications Group Inc. announced it secured $2 million in bridge financing of 11-percent convertible debt notes due 2001, convertible to common stock at the lender’s option in August at 90 percent of the market price at that time.
In addition, the company issued three-year warrants to buy about 386,000 common shares at an exercise price of $2.58 per share. The company also amended its credit agreement with a principal lender.
In addition, Aquis filed it 10-K report for 1999, which did not differ from previously announced results.
