Aethlon completed a Series E preferred stock offering and helped Coolibar get a major catalog company as a customer. Proceeds from the Series E round were used for new customer acquisition, inventory purchases, and initiating new domestic and overseas distribution channels.
Coolibar was founded in 2001 to bring Australia’s world-leading approaches to sun protection to the American market. The company has extensively redesigned Australian sun protective clothing styles to meet the tastes and needs of fashion- and health-conscious Americans.
Our vision is to be the number one trusted brand for sun protection worldwide. Sima Griffith and the Aethlon team have been tremendously supportive of that vision and this capital infusion will be instrumental in helping us achieve it.