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FNDS3000 Corp. today announced the completion of the second closing of a private-placement financing agreement that raised approximately $1.8 million through the issuance of common stock and warrants to Sherington Holdings LLC and other investors, according to the Jacksonville, Fla.-based transaction processor. FNDS3000, which closed the agreement on Nov. 30, sold 10.5 million shares of common stock in the two closings to Sherington for roughly $1.6 million. The processor also sold 1.3 million shares of common stock to other investors for $219,000. The other investors include some members of FNDS3000's management team. Previously, the company had stated it intends to use the financing to enhance its product offerings, purchase and develop mobile-banking software, and supplement working capital (CardLine, 11/6).

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