2017 Logo Update

ACGM Completes Successful $3.575 MM Capital Raise for Trunity Holdings, Inc.

New York, NY – ACGM, Inc. (“ACGM”) announced today the successful closing of a $3.575 MM private placement of equity in publically traded Trunity Holdings, Inc. (OTCQB: TNTY) (OTCBB: TNTY) (“Trunity”). ACGM acted as Trunity’s lead investment bankers, assisting in the structuring of the deal and the placing of all shares. 

Trunity is the creator of the Trunity eLearning Platform that empowers higher education, K-12, corporate enterprises and government agencies worldwide to create, manage and share knowledge. The financing will allow the Company to execute strategies designed to accelerate its growth and support global growth initiatives, including the deployment of the Trunity eLearning Platform into classrooms around the world and the expansion of the Trunity Knowledge Exchange.

ACGM secured Pan-African Investment Company, LLC (“PIC”) as the lead investor in the deal. PIC is a New York City-based private investment firm, headed by co-CEO, Dana Reed, who will also serve on Trunity’s Board of Directors. PIC was founded by Dick Parsons and Ronald Lauder to identify, invest in and provide solutions that effect growth and development in Africa. In addition to leading the investment, PIC has entered into an exclusivity agreement whereby they will introduce the Trunity eLearning Platform to African nations seeking to rapidly improve the quality of education in their respective countries. Additional investments were made by 34 high-net worth individual investors.

The terms of the offering provided for the placement of 8,936,470 shares of common stock at $0.40 per share. In addition, for each share purchased, the investors will receive one two-year warrant to purchase one share of common stock at an exercise price of $1.00 per share.

Mitchell Baruchowitz, Head of Investment Banking - Private Capital Group, was ACGM’s lead banker on the deal.   Mr. Baruchowitz  said, “The Trunity offering is further validation of ACGM’s strategy to find early stage companies with strong management teams and rapidly expanding business opportunities and connect them to accredited investors looking for compelling investment opportunities in businesses that are in the ‘sprout stage’ of their growth cycle.”  

Terry Anderton, Chairman and CEO of Trunity, commended Mr. Baruchowitz and ACGM on their successful execution of the capital raise, “I am delighted with the performance of our investment bankers and the value they have delivered throughout this process. ACGM enabled Trunity to raise vital capital needed to grow our expanding company, while leaving our executive team to focus on the strategic execution and day-to-day operations of running a publically traded company.  Led by Mr. Baruchowitz, ACGM executed the private placement efficiently and effectively while securing a lead investor that has domain knowledge in education and will be an important strategic partner in Africa.”

About Abadi & Co.

Founded in 1991, Abadi & Co. is an investment banking boutique which specializes in three core areas: emerging markets, financial institutions and restructuring & special situations. By focusing on these three areas of expertise, Abadi & Co. has built a team of independent specialists–Fluent in Finance®–who serve as powerful advocates for clients, focused on protecting their financial interests and delivering practical, high-value financial solutions. The Abadi & Co. team prides itself on its ability to guide clients through difficult and groundbreaking transactions, even in situations where the structuring complexities and challenges would have thwarted others.

Abadi & Co.’s experienced team works on a range of transactions, including mergers & acquisitions, debt & equity capital markets issues and recapitalizations. It caters to a global client base which includes companies, governments and financial institutions, across North America, Latin America, Europe and the Middle East. The firm’s specialization approach means that it only takes on engagements if they fall within one or more of its core areas of expertise, allowing it to assign a strong team to every engagement, providing clients with the attention and intellectual capital they deserve. The firm’s clients appreciate having direct access to a senior banker 24/7; they value the discretion of Abadi & Co.'s smaller team and are relieved of the conflict of interest concerns inherent in working with larger investment banks, which often look to cross-sell other products and services. In order to prevent conflicts of interest, and to ensure the independence of the firm's advice, Abadi & Co. does not conduct trading or manage investments. 

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