MEMS integrator raises almost $2 million

June 15, 2004 — SENSE Holdings Inc. of Fort Lauderdale, Fla., has announced a $1.96-million private placement.

The financing consists of common stock and warrants issued to accredited investors through investment bank Joseph Stevens & Co. of New York, according to a news release. SENSE received net proceeds of $1.75 million, of which $575,000 was used to pay off secured debt.

The remaining funds will be used for operational expenses and for exploring new sales and partnership opportunities. The company uses MEMS sensors and other technologies to serve a variety of industries.


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