Greenman completes financing.GreenMan Technologies Inc., Lynnfield, Mass., has completed $9 million in financing with Laurus Master Fund Ltd., a New York-based institutional fund that specializes in direct investments in growing small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock companies. The new $9 million financing consists of a $5 million convertible revolving working capital line of credit and a $4 million convertible term loan with more than $1 million earmarked for full implementation of its new high-volume tire processing facility in Tennessee. "The Laurus Funds financing removes the constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. under which we have been operating since the failure of our previous primary lender in February 2003," Chuck Coppa, GreenMan CFO See Chief Financial Officer. , says. "This financing provides us with an immediate capital injection that not only allows us to positively impact our working capital situation but also provides the resources necessary to aggressively move forward in efforts to implement our Tennessee project." Bob Davis
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