NetworkNewsBreaks – Correlate Infrastructure Par
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Posted On: 06/21/2023 4:50:54 PM
NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Raises $2.5M in New Funding, Expands Team to Add Seasoned Professionals
Correlate Infrastructure Partners (OTCQB: CIPI), a growth-oriented distributed energy company, today announced that it has raised over $2.5 million in new funding from investors in fiscal year 2023 from a private placement of a secured convertible note offering. The company intends to use the net proceeds to ramp up its project fulfillment capabilities and for working capital purposes. In addition, Correlate announced the hiring of two seasoned professionals to its senior management team, enhancing the company’s leadership capabilities and expertise. Roger Baum, an accomplished construction industry veteran, has joined Correlate as the EVP of Operations. Jed Freedlander, with a background in infrastructure development, investment, and a strong legal, commercial and finance acumen, has been appointed as the company’s chief development officer. “We are delighted to welcome Jed Freedlander to Correlate as our Chief Development Officer,” said Todd Michaels, CEO of Correlate. “His extensive background in infrastructure development and his commitment to delivering sustainable solutions align perfectly with our mission. With Jed’s expertise, we are confident in our ability to execute strategic projects that bring long-term value to our partners and stockholders.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Correlate Infrastructure Partners (OTCQB: CIPI), a growth-oriented distributed energy company, today announced that it has raised over $2.5 million in new funding from investors in fiscal year 2023 from a private placement of a secured convertible note offering. The company intends to use the net proceeds to ramp up its project fulfillment capabilities and for working capital purposes. In addition, Correlate announced the hiring of two seasoned professionals to its senior management team, enhancing the company’s leadership capabilities and expertise. Roger Baum, an accomplished construction industry veteran, has joined Correlate as the EVP of Operations. Jed Freedlander, with a background in infrastructure development, investment, and a strong legal, commercial and finance acumen, has been appointed as the company’s chief development officer. “We are delighted to welcome Jed Freedlander to Correlate as our Chief Development Officer,” said Todd Michaels, CEO of Correlate. “His extensive background in infrastructure development and his commitment to delivering sustainable solutions align perfectly with our mission. With Jed’s expertise, we are confident in our ability to execute strategic projects that bring long-term value to our partners and stockholders.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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