Yup....here's some about the financing:
"On October 4, 2013, Hipcricket, Inc. ("we" or "us") closed a $9.6 million financing transaction with 13 investors, each of whom is an "accredited investor" within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"). The terms and conditions of the financing are set forth in the Securities Purchase Agreement dated as of October 3, 2013, between the Company and the investors. The investors purchased units of our securities at $0.40 per unit. Each unit consisted of one share of our common stock and a warrant to purchase 0.3 shares of our common stock. An aggregate of 23,875,000 shares of our common stock and warrants to purchase up to 7,162,500 shares of our common stock were purchased in the financing. The warrants have a five year term and an exercise price of $0.60 per share."
