Company Overview of Source Capital Group, Inc.
Source Capital Group, Inc. offers investment banking services. The firm also provides private placement, public offering, and restructuring and distressed debt advisory services. Additionally, it offers trading, portfolio management, mortgage, business lending, and insurance services. The firm caters to energy, consumer, communications, Internet, and digital media sectors. Its clientele include New York Mortgage Trust, Multiband Corporation, T3 Motion, Inc., Mission NewEnergy Limited, Reed's, Inc., and Clean Wind Energy Tower, Inc. Source Capital Group, Inc. was founded in 1992 and is based in Westport, Connecticut.
276 Post Road West
Westport, CT 06880
Founded in 1992
Key Executives for Source Capital Group, Inc.
Compensation as of Fiscal Year 2014.
Source Capital Group, Inc. Key Developments
Source Capital Group, Inc. Presents at Second Annual Crowd Investing Innovation Forum, Aug-08-2013 11:40 AM
Aug 5 13
Source Capital Group, Inc. Presents at Second Annual Crowd Investing Innovation Forum, Aug-08-2013 11:40 AM. Venue: Orlando, Florida, United States. Speakers: Bruce C. Ryan, Vice Chairman.
U.S. Precious Metals, Inc. Changes its Investment Banking Agreement from John Thomas Financial, Inc. to Source Capital Group, Inc
Mar 20 13
On November 29, 2012, U.S. Precious Metals, Inc. disclosed that it entered into an Exclusive Investment Banking Agreement with a prominent, New York investment banking firm. Under the Banking Agreement, the Firm agreed to provide a range of investment advisory services to the Company, including the introduction to potential lenders, investors and acquiring entities. In addition, on February 13, 2013, the company disclosed that it signed a Term Sheet with the Firm to provide a bridge loan financing for the company with an anticipated closing date of February 22, 2013. The name of the Firm is John Thomas Financial, Inc. On March 14, 2013, the company and John Thomas completed a Termination Agreement and Mutual Release with an effective date of March 12, 2013 pursuant to which the parties terminated the Banking Agreement and granted mutual releases with respect to the Banking Agreement. In addition, John Thomas has agreed to return to the company $20,000 as a good faith, partial refund of the $50,000 retainer previously paid by the company. As of the date of this filing, the company also discloses that it had not closed the Bridge Loan transaction with the Firm. On March 12, 2013, the company entered into an engagement agreement with Source Capital Group, Inc. Pursuant to the agreement, Source Capital will act as the company’s exclusive placement agent and investment banker during the term of the agreement. The company agreed to pay Source Capital a fee of 3% of any proceeds received by the company in connection with any financing. In addition, the company agreed to issue to Source Capital 250,000 shares of its common stock.
IceWEB, Inc. Engages Source Capital Group, Inc
Mar 14 13
IceWEB, Inc. announced that the company has engaged Source Capital Group, Inc. As part of its mandate, Source Capital will advise IceWEB on potential merger and acquisition transactions.
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