GlassesOff Reading App Secures $15M Financing Facility

July 3, 2014 | Neuroscience technology company GlassesOff has committed to a financing facility in which it is set to sell up to $15 million of its shares of common stock to YA Global Master SPV over a period of 36 months. According to GlassesOff CEO Nimrod Mader, “This type of facility can potentially serve as a cost effective alternative for us to raise capital going forward and potentially increase our stock’s liquidity.” GlassessOff was established as a company set on developing and commercializing next generation vision sharpness applications. Their application is currently available for iOS and Android compatible devices.