Fremont-Based Pegasus Wireless Raises $10 Million in Private Placement

Fremont, Calif. -- Pegasus Wireless, a Fremont-based maker of hardware and software for broadband wireless networking and Internet access, said on Wednesday that it has raised $10 million though a private placement. Through the deal, the company's president, Jasper Knabb, has purchased 1.25 million shares of Pegasus stock for $8 each. The company said that ti will use the funds to make acquisitions, as well as to build up its sales and marketing staff in advance of its entrance into the retail market. In the second half of last year, Pegasus bought a controlling interest in China's CNet Technology, as well as a pair of electronics manufacturing facilities in the Far East.
http://www.pegasuswirelesscorp.com/
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