Cornelis Networks has filed a notice of an exempt offering of securities to raise $25 Million in New Equity and Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, Cornelis Networks is raising up to $25,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Cornelis Networks
Cornelis is a leading provider of end-to-end purpose-built high-performance fabrics to commercial, scientific, academic, and government organizations, delivering optimal performance, scalability, and efficiency across hyperscale, cloud AI, and on-premises AI/HPC environments. Our offerings address key requirements essential for modern AI infrastructure, including scalable architecture, high bandwidth solutions, and universal compatibility with accelerators and GPUs.
To learn more about Cornelis Networks, visit http://www.cornelisnetworks.com/
Cornelis Networks Linkedin Page: https://www.linkedin.com/company/cornelisnetworks/
Contact:
Lisa Spelman, Chief Executive Officer
610-331-6849
https://www.linkedin.com/in/lisa-spelman/
SOURCE: http://www.intelligence360.io
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