Insight Innovators, B.V. announced that it has entered into a securities purchase agreement for a private placement of 256,388 shares of series A convertible preferred stock at $1.200532 per share for gross proceeds of $307,802 on December 21, 2015. The transaction included participation from Summit Trading Limited, Long Side Ventures LLC, Taconic Group LLC, and Monbridge, Inc. for $76,951 each against the purchase of 64,097 shares each. The securities bear a fixed conversion price of $0.1778 and were issued pursuant to exemption provided under Regulation D.