ThermoEnergy Corporation (OTCPK:TMEN) announced a private placement of 12% secured promissory notes for gross proceeds of $4,000,000 on August 22, 2013. The loan evidenced by promissory notes will mature on February 1, 2014 and bears a coupon of 12% per annum. The company announced that it has received $600,000 from Empire Capital Partners Enhanced Master Fund, Ltd, $880,000 from Empire Capital Partners, L.P., $520,000 from Empire Capital Partners, Ltd, funds managed by Empire Capital Management, LLC and $2,000,000 from Robert S. Trump. The company did not pay any brokerage or finder's fees.

On August 22, 2013, ThermoEnergy Corporation closed the transaction.