Eloda Corporation carries out a $15M private placement

Eloda Corporation has entered into an agreement with Research Capital Corporation (RCC) for a private placement of common shares for up to $15M. The proceeds from the private placement will be used to fund the purchase of capture stations as part of Eloda’s expansion in the U.S. and for general working capital purposes. Eloda Corporation is a company which provides a new generation of capture-index-verify applications for television advertising without the traditional need for pre-encoding.

Sébastien Vézina and Benoit Mallette advised Eloda on the financing and acquisition aspects, whereas Philippe Asselin reviewed the tax aspects of the transaction.

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