Flexible Electronics News

Dyesol Announces New Investment Agreement and Termination of SpringTree Agreement

Total invested by Bergen at the first settlement under the agreement will be $1.2 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Dyesol has terminated its May 3, 2011 agreement with SpringTree Special Opportunities Fund, LP. In addition, it has entered into an investment agreement with Bergen Global Opportunity Fund, LP. Bergen is a fund managed by Bergen Asset Management, LLC, a New York-based asset management firm whose management is also part of SpringTree’s management. The new agreement with Bergen is similar to the prior SpringTree agreement, however, key features of the agreement have been improved for the benefi...

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