Blue Sphere Secures $3m to Acquire Italian Biogas Plants

By Ben Messenger, Waste Management World.

Charlotte, North Carolina based anaerobic digestion and renewable energy developer, Blue Sphere Corp. (OTCQB: BLSP) has closed on a financing round of $3 million as it continues its program of acquisitions.

The company explained that while the financing has a face value of £3 million, after commissions and selling expenses it has netted £2,672,000. 

To secure the deal it worked with the Maxim Group, a New York based investment banking firm to market and close the private placement of Notes which will be used for general business activities.