True Nature Holding, Inc. has entered into a financing agreement with GHS Investments LLC for up to $6 million and plans to undertake bridge financing for its interim operating needs.
Under the agreement, True Nature has the right to sell up to $6 million of its common stock to GHS in tranches. Atlanta, Ga.-based True Nature said it believes it will be able to finalize bridge financing as an interim financing source.
"We have a solid plan for internal growth, and we have a number of acquisitions. We now have a means to fund those actions, at a time and price when we see fit," said True Nature COO Louis DeLuca in an Aug. 10 statement.
True Nature develops software applications for the healthcare industry, with a focus on patient engagement, care coordination, remote monitoring and data analytics, including using blockchain encryption technology.