{"id":381769,"date":"2020-11-16T09:02:19","date_gmt":"2020-11-16T14:02:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381769"},"modified":"2020-11-16T09:02:19","modified_gmt":"2020-11-16T14:02:19","slug":"imageware-poised-for-growth-with-closing-of-11-56-million-private-placement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/imageware-poised-for-growth-with-closing-of-11-56-million-private-placement\/","title":{"rendered":"ImageWare\u00ae Poised for Growth with Closing of $11.56 Million Private Placement"},"content":{"rendered":"
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Restructures Outstanding Capital and Board of Directors<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN DIEGO<\/span>, Nov. 16, 2020<\/span> \/PRNewswire\/ — ImageWare\u00ae<\/sup> Systems, Inc. (OTCQB: IWSY), a leader in biometric identification and authentication, today announced that it has closed a $11.56 million<\/span> private placement of Series D Convertible Preferred Stock. The Company also announced the simultaneous restructuring of certain of its outstanding Preferred Stock and its Board of Directors, leaving Kristin A. Taylor<\/span>, President and CEO, on the Board and appointing James (Jim) M. Demitrieus<\/span> and Benjamin (Ben) Smeal<\/span> effective immediately. Taylor has also been appointed Chair of the Board.\u00a0 <\/p>\n

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\n \"(PRNewsfoto\/Imageware
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\n Kristin A. Taylor<\/span>
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\n ,<\/a> Chair, President and CEO, said, “With the closing of this financing, my enthusiasm and optimism have reached new heights. For the first time in its long history, ImageWare now has: <\/p>\n