PCS Edventures!.com, Inc. announced that it has received $0.02 million in funding.
January 11, 2013 at 04:00 am
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PCS Edventures!.com, Inc. (OTCPK:PCSV) announced a private placement of 8% convertible promissory note with an accredited investor for gross proceeds of $21,500 on January 11, 2013. The note converts at $0.065 per share and matures on January 11, 2016. Interest on the notes will be paid in arrears by cash within 14 days of each successive quarter end in the months of December, March, June or September.
On January 11, 2013, PCS Edventures!.com, Inc. closed the transaction.
PCS Edventures!, Inc. is a provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs. The Company's customers include schools and school districts from the collegiate to kindergarten level, and providers of out-of-school programming, which include after-school programs, military education programs, home-schooling programs, summer programs, and corporate outreach programs. Its product categories include Enrichment Programs; Discover Series Products; BrickLAB Products; Discover Drones, Add-on Drone Packages, and Ala Carte Drone Items; STEAMventures BUILD Activity Book, and Professional Development Training. It offers around 30 different enrichment programs and typically develops at least two new programs each year. The Discover Series includes Discover Engineering, Discover Robotics & Programming, and Discover STEM. The BrickLAB Products are designed for the grade school market and use its proprietary bricks (which are Lego compatible) and curriculum.