Celsia Technologies, Inc. Closes Financing Round

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  Published in House and Home on Tuesday, July 13th 2010 at 17:40 GMT by Market Wire
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Celsia Technologies, Inc. Closes Financing Round -- MIAMI, July 13 /PRNewswire-FirstCall/ --

MIAMI, July 13 /PRNewswire-FirstCall/ --On June 30, 2010, Celsia Technologies, Inc., (OTC: CLST) a Nevada corporation (the "Company"), entered into a Debenture and Warrant Purchase Agreement, pursuant to which it issued and sold $1,953,227 of its Original Issue Discount Senior Secured Convertible Debentures due June 30, 2011 to accredited investors in a private placement.  The initial conversion price of the Debentures is $0.10 per share. The aggregate sales price of the Debentures was $1,713,357.  Pursuant to the Purchase Agreement, the investors also received warrants to purchase an aggregate of 19,532,272 shares of the Company's common stock.   The warrants have an exercise price of $0.10 per share and expire on June 30, 2015.  Closing for the transactions described above took place on June 30, 2010.

In addition, on June 30, 2010, the Company and certain holders of previously issued Debentures with an aggregate outstanding principal balance of $11,507,249 agreed to, among other things, extend the maturity date of such Debentures to June 30, 2011.

About Celsia Technologies

Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC (server, notebook, desktop), consumer electronics, and LED lighting / display industries.  The company, working with many of the largest processor manufacturers, OEMs, and display manufacturers, is a leader in developing and commercializing next-generation cooling solutions built on patented micro thermofluidic technology. Celsia Technologies' extensive intellectual property portfolio includes patents registered in Korea, the U.S., Japan and Taiwan, with patents pending in the EU, Russia, India and China.  For more information, visit [ http://celsiatechnologies.com ]

Forward Looking Statements

This press release contains forward-looking statements, involving risks and uncertainties. Such statements are based on management's current expectations and are subject to certain factors, risks, and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements, In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, Celsia Technologies' ability to attract investors, Celsia Technologies' future operating results, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Celsia Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

SOURCE Celsia Technologies, Inc.

RELATED LINKS
[ http://www.celsiatechnologies.com ]