"Commenting, Jack Reinelt, Chief Executive Officer of GoIndustry-DoveBid plc said: “I am very pleased that we have been able to achieve full commitments on this equity fundraising, and it is especially encouraging to have such strong involvement from all major existing shareholders and important new investors. In addition, upon completion of the transactions described, we will have converted a substantial amount of debt to equity, strengthening our balance sheet and reducing future interest expense. Our stronger working capital position will allow us to significantly enhance key customer-facing technologies and refine our organisational structure to support our growth plans. These measures, coupled with significant cost reductions implemented this year will put the Company in a strong position to substantially improve the Company’s operational performance.”" To find out more and read the full article, please
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