Inventergy Global, Inc. (NasdaqCM:INVT) announced that it has entered into a securities purchase agreement with certain institutional accredited investors for a private placement of up to 3,000 series E convertible preferred stock at a price of $1,000 per share for gross proceeds of $3,000,000 on July 21, 2016. The series E convertible preferred stock carries a dividend of 5% per annum and is convertible into 1,496,262 common shares at a conversion price of $2.005 per share. The company also issue warrants to purchase 1,271,826 common shares at an exercise price of $2.005 per share for a period of five years six months from the date of closing. The transaction is subject to the shareholder approval. The closing of the transaction is anticipated to occur on or about July 25, 2016. The company will issue securities pursuant to exemption provided under Regulation D.