CyberCash Inc has raised another $15m in a private placement from the same two private equity funds that provided money in February. At that time the unnamed private equity companies placed two conditions on a further $15m: that CyberCash should get shareholder approval; and that the stock price should not fall below $13.76. The first condition has been met but the second had to be waived, as during that time the price has fallen as low as $11.125 and been as high as $26.875. The company also raised $15m in August 1997.
