TEUM - Pareteum - More Dilution To Avoid Potential Debt Default And To Keep The Lights On

Note: I have previously covered Pareteum (NASDAQ:TEUM), so investors should view this as an update to my earlier articles on the company.

It didn't take too long for controversial emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation to come up with the large emergency capital raise predicted in my last article on the company four weeks ago.

During Friday's pre-market session, the company disclosed a $40 million registered direct public offering anticipated to result in net proceeds of approximately $37.5 million:

The offering consists of ((i)) 18,852,273 Common Stock Units, consisting