Daily Broadcaster

Umbra Applied Technologies (OTC:UATG) Announces Agreement with Strategic Capital Partner

 Breaking News
  • No posts were found

Umbra Applied Technologies (OTC:UATG) Announces Agreement with Strategic Capital Partner

May 24
05:04 2023

Umbra Applied Technologies Group Inc. (OTC: UATG) is a company that investors may find worth tracking at this point in time. Recent developments have brought the company into the spotlight, but it’s essential to understand its business and objectives before delving into the latest news.

Headquartered in Tampa, Florida, Umbra Applied Technologies specializes in advanced technologies across diverse industries. As a holding company, it strategically invests in both private and public companies, often targeting those in their early developmental stages.

UATG focuses on acquiring stakes in companies that are in the growth phase, provided they offer a business model that aligns synergistically with Umbra Applied Technologies’ operations. This approach allows UATG to expand its portfolio with promising ventures that have the potential for significant growth.

Umbra Applied Technologies made headlines last week when it announced a partnership agreement with a strategic capital partner to support the growth of its subsidiary, Ossifix Orthopedics. The capital partner is a private equity firm specializing in the medical field. Their primary focus is providing growth capital and collaborating with existing management to enhance sales, benefiting both their own investment and the company’s shareholders.

As per the agreement, the capital partner will acquire a 9% stake in Ossifix and invest $2 million as funding capital. Additionally, they will provide value-added services such as granting Ossifix access to their extensive network of surgeons as well as their knowledge base and medical facilities. These resources will enable Ossifix to expand its sales and marketing potential.

Thomas Crom, Chief Financial Officer of Umbra Applied Technologies, also commented on this development. He mentioned that while the funding would reduce the company’s ownership in Ossifix, it would facilitate its growth without diluting the stakeholders of Umbra Applied Technologies. He further emphasized that this transaction exemplifies the innovative ways in which Umbra Applied Technologies supports the funding needs of its subsidiary businesses.

In its ongoing efforts to secure funding for its subsidiaries, the company recently announced on May 5th that it has received two letters of intent related to its subsidiary unit, H20 Processing. The proposed funding agreements entail providing a credit facility through the SBA 7(a) loan program to the subsidiary. The credit facility will be backed by an SBA National Preferred Lender, a banking solutions provider. Stan Abrams, Chief Executive Officer of H20 Processing, added that the company is working on an accelerated SBA process in collaboration with a major bank.

 

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or due to the speculative nature of the companies profiled. CaptalGainsReport ‘CGR’ is responsible for the production and distributions of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website.

Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: NAPLES
State: FLORIDA
Country: United States
Website: https://capitalgainsreport.com/