Affirming a Strong Bond: Southridge Capital and Adama Technologies Corporation
Southridge Capital, the Ridgefield, Connecticut hedge-fund firm run by Stephen Hicks has recently entered into a $7-million equity purchase agreement with no less than Adama Technologies Corporation. This news was confirmed and announced by Southridge’s Chairman and CEO himself.
In his announcement, Stephen Hicks informed everyone that Southridge Capital, as the institutional investor, entered into the said equity agreement as it seeks investments in various growth areas. Founded in 2007, Adama Technologies Corp. (OTCBB: ADAC) is known as a clean-tech company that is championing the cause of contaminated brownfields. What the corporation does is acquire, decontaminate, revitalize, and remediate brownfields.
The CEO of Adama Technologies, Aviram Malik, implied in an interview that the equity purchase agreement with Southridge Capital would go a long way. He said, “We are pleased to have secured this $7 million USD equity purchase agreement with Southridge, a financing source that will allow us more control and flexibility in capital raise.”
In case you had no idea what Adama does, it provides research for long-term permanent solutions to the problem of heavy metal waste. We all know that these wastes are hazardous and many in the manufacturing sector are guilty of producing heavy metal waste worldwide. Adama markets its services to these manufacturers. Their technology is able to treat metals like cadmium, chromium, lead, mercury, and arsenic concurrently.
Southridge Capital invested in Adama Technologies Corp. because it has always been active in its support of environmental causes. Stephen Hicks targets areas both internationally and domestically, which show signs of growth. Through his firm, Hicks tries to help in every little way he can to provide the funding needed for such admirable causes. Southridge Capital has, in fact, provided over $1.7 billion in capital to companies in various countries like the United States, the United Kingdom, Australia, Canada, and Asia.
About Southridge
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies (formerly Southridge Capital Management aka Southridge Capital).
South Capital must be commended on this.
I hope they will continue to be in support of companies with projects concerning the environment all over the world.
great business that also protects the community. thanks for sharing this!
great to know! such big names joining forces for a greater cause and greener world…
Sounds like a prestige company and also help the environment to be clean and hazardous free
Wow! I wonder when I can also have a hedge fund? hehe Trying to start saving for our house. :d
this company must have given the right and satisfactory service to their customers because they clients we’re using their service a lot.
I love business that also give emphasis on helping either people or the environment :-)
if i am a business man and would want to loan for capital, i’ll surely inquire southridge, maybe they can help me with my business.
company that values preservation of nature is epic/commendable… they’ve got to receive an award for doing so…
thanks for sharing.. :)
That’s how it should be – to be considerable in all aspect and looking beyond just the business but as well as giving a safe free and less danger surroundings to all.
They’re both well renowned company good luck and more power to both! Another nice info here! Thanks for sharing.
Metal waste is one of the major problems a country has to face.
Hope there are more like them so that our economy will be more productive not down…
I think its a common marketing tactics now, support campaign drives like this to gain exposure and popularity :D
thanks for sharing a good article to read!
how interesting! thanks for sharing about this information yotch.
I hope all businesses are not just after a black bottomline, they should also participate in different advocacy too.
Sounds like a big time company not only help people but also the environment. You seldom see company like that, kuddos to them!!!
as long as it can help the environment, i will support any company all the way, i guess many entrepreneur must be aware of not just gaining income for their company but also on helping the community and the environment
I am all for helping the environment! This is a great way to help and of course market themselves.