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Alltemp, Inc. (formerly Source Financial, Inc.) closed its merger with CSES Group, Inc., issuing shares and warrants to CSES shareholders. Alltemp also raised $4.5 million to expand refrigerant manufacturing capacity.
Source Financial, Inc. and CSES Group, Inc. executed an Agreement and Plan of Merger whereby CSES will become a wholly owned subsidiary of Source Financial. CSES has raised over $4.5 million to increase manufacturing capacity of its alltemp refrigerant at its Oregon plant.