Santa Ana-based Greenwood Hall Inc. said it received $8 million in debt and equity financing to “recapitalize” the company.
The company provides tech-based marketing and employee services to colleges and universities. It has an estimated 150 employees and about 25 clients, including Burbank-based Woodbury University, Saint Mary’s University of Minnesota in Winona, Minn., and the University of South Alabama in Mobile, Ala., according to its website.
Greenwood Hall—formerly Greenwood & Hall— has offices in College Station, Texas and in Shanghai. Under its previous name it also had an office in Santa Monica.
The Chief Executive is Dr. John Hall.
Greenwood Hall is publicly held with shares listed on the OTC Bulletin Board. It traded at a recent market cap of $162 million. It has not yet generated revenue, according to reports.
