Cavitation Technologies Raises $1.5M In Equity Financing

July 19, 2021 2:40 PM | 1 min read |

Cavitation Technologies, Inc. CVAT has completed a financing of $1.50 million through the sale of ~23 million units.
Each unit consists of one common share of stock and one stock purchase warrant exercisable at $0.09 per share for a 5-year term.
It will sell these units primarily to a group of existing shareholders.
This offering will allow Cavitation to provide funding to the Joint Venture called Enviro Watertek LLC to accelerate commercialization and increase its pro-rata participation in that commercialization.
Price action: CVAT shares are trading higher by 11.7% at $0.062 on the last check Monday.