iSign Solutions Inc. (OTCMKTS:ISGN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Item 3.02 | Unregistered Sales of Equity Securities |
SG Phoenix LLC assisted the Company in negotiating with Investors the term sheet for the transaction described above, the terms of which were approved by a Special Committee of the Board of Directors comprised of disinterested directors, as well as the entire Board of Directors. SG Phoenix LLC is the management company of Phoenix Venture Fund LLC, the Company’s largest stockholder, which has participated in several of the Company’s previous financing transactions. Philip Sassower and Andrea Goren are the co-managers of SG Phoenix LLC, and are also the Company’s Chief Executive Officer and Chief Financial Officer, respectively. Stanley Gilbert participated as an Investor in the above described financing. Mr. Sassower is Co-Chairman of the Board of Directors, Mr. Gilbert is a member of the Company’s Board of Directors, and Mr. Goren is also a member of the Company’s Board of Directors and the Company’s Corporate Secretary.
About iSign Solutions Inc. (OTCMKTS:ISGN)
iSign Solutions Inc., formerly Communication Intelligence Corporation, is a supplier of digital transaction management (DTM) software enabling the paperless, secure management of document-based transactions. The Company’s solutions include an array of functionality and services, including electronic signatures, workflow management and various options for biometric authentication. These solutions are available across virtually all enterprise, desktop and mobile environments as an integrated platform for both ad-hoc and automated transactions. The Company’s SignatureOne and iSign suite of electronic signature solutions enable businesses to implement paperless and electronic signature-driven business processes. The SignatureOne and iSign suite of products includes SignatureOne Ceremony Server (Ceremony Server), iSign Console (Console), iSign Enterprise, iSign Family, Sign-it and iSign Toolkits. Its products allow legally binding electronic signatures to be added to digital documents.
