ThermoEnergy Corp., an Arkansas-based company with operations in Hudson, has obtained $1 million of convertible debt from existing shareholders.
The million dollars comes on the heels of a previously announced $3 million private placement.
The financing has enabled ThermoEnergy to acquire a controlling interest in CASTionCorp. of Worcester.
ThermoEnergy was founded in 1998. The company has offices in New York, as well as Arkansas and Hudson.
