Omega United, Inc. dba SkyPostal Networks completes USD 10 million private placement
Omega United, Inc. dba SkyPostal Networks, Inc., an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced the completion of a private placement financing totaling USD 10 million. Falcon Capital, a boutique investment banking firm based in London, acted as placement agent for the financing.
The Company also announced it converted approximately USD 3.2 million of debt into equity in the form of common shares. The new combined capitalization of over USD 13 million strengthens SkyPostal’s now totally debt free balance sheet.
The net proceeds of the offering will be used to improve the hand delivery network in LAC with the deployment of its GPS delivery confirmation system, expand services to customers, and for potential acquisitions. “We believe this financing will enable SkyPostal to substantially accelerate progress toward our key strategic initiatives and solidify our market presence,” said Albert P. Hernandez, SkyPostal President and CEO. “With recent developments and the closing of this private placement, SkyPostal will be able to consolidate its network in LAC and expand its service offering to Europe. With this additional capital, we will be able to fast track the growth of the company both organically and through strategic acquisitions.”
SkyPostal has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the LAC region for the delivery of commercial mail, periodicals and parcel post.
