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CUI Global Announces Up Listing to the NASDAQ Capital Market

Tue, 02/21/2012 - 11:21am
PowerPulse.net

CUI Inc.’s parent company, CUI Global, Inc., announced that the company is now listed and trading on the NASDAQ Capital Market. In conjunction with that listing, the company has completed a $10,000,000 equity raise with the assistance of its US Investment Banker, Merriman Capital, Inc. and its London advisor, Prosdocimi Ltd.

The proceeds of the raise will be used by the company for working capital; to pay down and retire certain corporate debt; and to rapidly bring its new Vergence™, Novum® Advanced Power, and Solus™ Power Topology Technologies to the marketplace.

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