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WorldFlix, Carden Capital Complete $16m Deal

By Dipo Olowookere

WorldFlix and its global cybersecurity software subsidiary Paranotek, has signed an agreement with Carden Capital to invest up to $16 million in a Regulation A + offering.

Carden Capital is a registered investment advisor based in Colorado that manages a variety of public and private market investment strategies for high net worth and institutional clients.

Additionally, Carden Capital’s extensive expertise and blue chip investment banking background in structured solutions allows them to tailor their funding solutions to the specific needs of OTC high growth companies such as WorldFlix. Additionally, Carden Capital has over 40 million dollars in SEC-registered assets currently under management.

Gavan Duemke, Managing Partner of Carden Capital, confirmed, “We are very happy to be working with Brad, Mick, and the rest of the WorldFlix team, to help them execute on their business plan and bring their ground-breaking technology to market.  We believe strongly in their encryption technologies as well as their ability to execute on their business plan to capitalize on the Company’s products both here in the US and overseas.”

Brad Listermann, CEO of WorldFlix, added, “We have been looking forward to finalizing funding with an exclusive, well established capital partner with experience supporting high growth OTC companies.  Company management has decided the sell the Regulation A + offering exclusively to Carden Capital as we believe opening up the offering to the general public could create unnecessary downward market pressure.

“By selling to only one institutional partner with anti-dilution agreements in place, WorldFlix can better prevent unnecessary dilution and better manage when and how much capital we raise. We are looking forward to a successful partnership with Carden Capital. ”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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