Accelera Innovations, Inc (OTCPK:ACNV) announced its intention of a standby equity placement agreement of shares with Lambert Private Equity, LLC on August 28, 2013. The transaction has been approved by board of directors of the company.

On October 4, 2013, the company announced that it will receive up to $100,000,000 in the transaction. The transaction size can be extended to $200,000,000 under the same terms. The company will issue securities pursuant to exemption provided under Regulation D. The investor will purchase shares over a period of 36 months. The company may draw on the facility from time to time. The maximum amount that the company is entitled to draw in one draw down is not more than $2,000,000 and not exceeding 285,710 shares. The purchase price will be set at 90% of the lowest daily volume weighted average price of the company's common shares during the 15 consecutive trading day period beginning on the date of delivery of the applicable draw down notice. The company will give 100% warrant/option coverage for shares to be issued in the transaction. Warrants will expire on October 4, 2018. The company will issue to investor a commitment fee 2% of the commitment amount in shares. Investor will not be obligated to purchase shares if the Investor's total number of shares beneficially held at that time would exceed 4.99% of the number of shares of the company's common shares. The company is not permitted to draw on the facility unless there is an effective registration statement to cover the resale of the shares. The warrants shall have a 5 year term and the exercise price shall be equal to the lesser of $7.70 or 110% of the lowest daily volume weighted average price for the common share as reported by Bloomberg during the 30 trading days prior to the date the investor exercises the warrant.

On the same date, the company announced that it has issued 285,710 common shares to investor as a commitment fees.

On October 23, 2013, the company announced that it has amended the terms of the transaction. The company will now receive up to $200,000,000 in funding.