Intersections successfully completed a $20 million term loan financing with Crystal Financial. The company also noted that during the fourth quarter of 2015, it closed a private placement of 3.0 million shares of its common stock, raising gross proceeds of $7.5 million.
The company will use up to a maximum of $15 million of the proceeds from the term loan in connection with the market launch of the company’s pet health monitoring solution, the Voyce Pro Wellness Monitoring Program.
