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Home > News > Ener1 Inc. Obtains New Financing From Majority Shareholder

June 30th, 2006

Ener1 Inc. Obtains New Financing From Majority Shareholder

Abstract:
Ener1, Inc. (OTC Bulletin Board: ENEI) announced today that it has obtained additional long term financing from its majority shareholder, privately held Ener1 Group, Inc., to fund the Company's ongoing operations. The $3.0 million financing consists of 10% convertible subordinated notes with no principal or interest payments until maturities of the notes in 2009, plus warrants.

Source:
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