Filed under: Raising money, Investments

There is some interesting financing news this morning, even if the financing is not one of large proportions in private equity, venture capital, or in sovereign-type investments.

An OTC-BB listed stock called ZAP! (OTCBB: ZAAP), a US-based electric vehicle pure play, saw the completion of a financing pact this morning from Dubai-based The Al Yousuf Group. The total financing was a convertible debt placement in the amount of $475,000.00, but this is after the Al Yousuf Group purchased $5 million in ZAP! shares back in November.

The Al Yousuf Group is a manufacturing and distribution company in the U.A.E.

Read the full story at 247WallSt.com.

 

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This entry was posted on Monday, May 19th, 2008 at 1:14 pm and is filed under Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.