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Justified Wages Inc. (the “Company”) is a privately held provider of cloud-based
software platforms for the Internet of Things (IoT). The Company enables product
businesses to become IoT service businesses, and helps organizations launch, manage,
and monetize the deployment of IoT worldwide.
In November 2012, the Company secured financing of $40 million from an independent
investor, Well-to-Do Inc. (WTD), in exchange for the following:
• $30 million for the issue of a new series of its Series E Preferred Stock (Preferred
Stock), and
• $10 million for the sale of its shares of common stock (“Common Stock”).
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