Does anyone know what a 504 raise is. Is this just simply some type of financing, or is this from selling shares? Here is an example:
WASHINGTON, Jun 22, 2005 (BUSINESS WIRE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets: HISC) is pleased to announce that it has received proceeds and has completed the $1,000,000 504 Raise. The completion of the $1,000,000 financing will give Homeland Integrated Security Systems Inc. the resources to market and fulfill any purchase orders it may receive for its Homeland Security products including the Cyber Tracker and the Cyber Noze.