Infinium Labs Gains New Funding

Representatives from Infinium Labs have announced a revised stock purchase agreement that replaces the $15 million financing commitments announced in January with new commitments of $44 million. New investor HaDavar HaNachon joins SBI-USA and Infinium Investment Partners, an affiliate of Trilogy Capital Partners, in the increased commitments to the company’s controversial Phantom console. The new financing is contingent on the filing and effectiveness of a Registration Statement with the Securities and Exchange Commission covering the resale of the shares, among other conditions. Source: PR Newswire