InterMetro Communications, Inc. announced a private placement of 420,000 series A2 preferred stock at a price of $1 per stock for gross proceeds of $420,000 on June 28, 2013. The preferred stock may be convertible into common stock of the company at a conversion rate of 6.66 shares of common stock for each preferred stock. The company issued securities pursuant to exemption provided under Regulation D. The company also issued warrants to purchase 420,000 common stock of the company at an exercise price of $0.20 per stock. The company issued securities to accredited investors.

On June 28, 2013, the company received the funding.