Apr, 2002 : Terremark Agrees To Buy $7.5 Million In Equity Funding

📅 April 1, 2002 - Terremark Worldwide, Inc., an Internet infrastructure and managed services provider announced today that it has signed a deal to purchase $7.5 million of common stock at $0.75 per share. The investor group is primarily composed of insiders and long time Terremark investors.

Terremark (terremark.com ) is the owner and operator of the NAP of the Americas, and a carrier-neutral operator of a Tier-1 Network Access Point.
?By agreeing to purchase Terremark's common stock at $0.75 per share, those who know our company are telling the world that they think Terremark's stock is significantly under-valued and that they have confidence in the Company and its business model," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide.

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Company: Terremark

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