Viper Powersports Announces $18.9 Million in Funding

Viper Powersports Inc. (Pink Sheets:VPWS) announced $18.9 million in equity financing through two deals. The funding includes $3.9 million Private Investment in Public Equities (PIPE) financing completed by Bathgate Capital Partners and $15 million in the form of a Standby Equity Distribution Agreement (SEDA) with Cornell Capital Partners.
Viper Powersports develops, produces and markets a line of premium custom V-Twin cruiser motorcycles, aftermarket engines and other related aftermarket products through its subsidiaries, Viper Motorcycle Company and Viper Performance Inc. Product is distributed and sold through a nationwide independent dealer network.
"This financing provides the opportunity to launch our motorcycle product line and proprietary engines to the marketplace," said John Lai, President of Viper Powersports, Inc.
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