Snoogoo Corp. announced that it expects to receive $10 million in funding
On April 3, 2014, the company announced that it signed a stock purchase agreement. The investor will acquire 40% stake in the company. The company will also offer one seat in board of directors to the investor. There are conditions precedent and some of the terms and conditions of the stock purchase agreement and related note are subject to change upon closing. The closing is expected to occur between mid-May 2014 to mid-June 2014.
On June 23, 2014, the company announced that it intends to close the transaction.