Spicy Pickle closes two deals for $2.9M

DENVER Spicy Pickle Franchising Inc., the operator and franchisor of the Spicy Pickle and Bread Garden Urban Cafe brands, completed two financing transactions last week, including a private placement of stock and the conversion of preferred stock, which together garnered the company $2.9 million.

The private placement of stock included the issuance of 16 million shares of common stock and warrants to purchase an additional 8 million shares for gross proceeds of $2.1

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