FalconStor Software Closes on $3 Million Financing Commitment from Hale Capital

MELVILLE, N.Y., Feb. 26, 2018 (GLOBE NEWSWIRE) FalconStor Software, Inc. (OTCMKTS:FALC) (“FalconStor” or the “Company”), today announced that the Company has closed on its previously-announced commitment (the “Commitment”) from HCP-FVA, LLC (“HCP-FVA”), an affiliate of Hale Capital Partners, LP (together with HCP-FVA, “Hale Capital”), to purchase up to $3 million of units from the Company to backstop a proposed private placement of units to certain eligible stockholders of the Company (the “Financing”).  Hale Capital subscribed for the full $3 The post FalconStor Software Closes on $3 Million Financing Commitment from Hale Capital appeared first on Public Wire.
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