Sonic+Foundry%2C+Inc. (“Sonic Foundry” or the “Company”) (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that it has secured $9.7 million in financing with three separate transactions. It entered into a Loan and Security Agreement with Neltjeberg Bay Enterprises, LLC (“NBE”) for a $5.5 million loan at an annual rate of 12% interest. In addition, the Company closed a Security Agreement and Promissory Note with Mark Burish, Chairman of the Sonic Foundry Board, for $3 million at the same interest rate as the NBE note. Mark Burish also purchased 1.2 million shares of common stock at a price of $1.02 per share.
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