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March 26, 2020

NuriFlex

Bellevue-based NuriFlex entered into an agreement with Miami-based seriesOne Securities to raise up to $40 million in a private placement offering from potential investors. The company plans to issue up to 50 million shares of its Class A common stock as part of the deal. NuriFlex will use the proceeds for working capital, operating expenses and capital expenditures. The deal is subject to market conditions and other factors. NuriFlex uses telecommunications to supply advanced metering infrastructure and other services to the utilities industry.




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