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Handshake and money

K2 Design & Strategy secures USD45m from Lambert Private Equity

K2 Design & Strategy has entered into a USD45 million equity subscription facility with private equity investment firm Lambert Private Equity.

The company plans to list initially on the OTCBB or equivalent exchange.
 
K2 Design & Strategy is an advanced analytics and digital innovation company, bringing advanced technologies to market which enhance performance of high stakes teams in complex business environments.
 
The company is led by George Cs Pell, founder, principal and CEO. Pell brings over 20 years of success in digital innovation, technology strategy, executive consulting, and performance strategy for many of the largest corporations in the world.
 
Pell says: “Having Lambert Private Equity as a strategic partner enables our team to develop some of the most advanced technologies in the world, while initiating an entirely new market segment specialising in optimal potential for the high stakes enterprise." 
 
The company may draw on the facility from time to time, as and when it determines appropriate in accordance with the terms and conditions of the investment agreement. The maximum amount that the company is entitled to put to the investors is no more than USD4 million per draw down notice. Per the agreement, the company agreed to issue 128,572 shares of common stock to the investor with an option to purchase an additional 6,428,572 shares of common stock.


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