Rich Honen was quoted in an Albany Business Review article about a manufacturing startup based in Albany that raised $30 million toward the end of 2023. The company raised the money by selling debt and other securities to more than a dozen investors. Rich note the possibility of the debt being “convertible”, meaning it could turn into ownership shares if certain events occur.
The full article, “Albany Semiconductor Startup Raised $30M, Status of HQ Project Unclear,” can be read on the Albany Business Review website.
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