Isaac Capital Group Closes $5 Million Preferred Stock Deal With Dataram

Isaac Capital Group LLC (ICG), an international private investment firm based in San Diego, CA, has closed a $5 million preferred stock transaction with Dataram Corporation, manufacturer of computer memory and software products.

“We believe that Dataram is undervalued and we are dedicated to working with management on a variety of strategies to increase shareholder value, including the possibility of continued capital investment,” said Jon Isaac, managing member of Isaac Capital Group and CEO of LiveDeal Inc.

ICG intends to continue to accumulate stock and partner with Dataram to enhance the company’s standing in the market.

Prior to the close of this transaction, ICG owned approximately 8.9% of Dataram’s common stock. Upon the close of this transaction, ICG’s total ownership increased to approximately 33% of Dataram’s common stock on a post-conversion basis, with the ability to increase total ownership to approximately 64% of the company. This transaction makes ICG the largest shareholder in Dataram.

Isaac Capital Group is the largest shareholder in LiveDeal Inc. (LIVE), a company with a geo-location based mobile marketing platform that enables restaurants to publish ‘real-time’ and ‘instant offers’ to nearby consumers, which has seen tremendous share appreciation since ICG became involved in 2011.