September 4, 2009 (FinancialWire) — VirnetX Holding Corp. (AMEX: VHC) said it has entered into definitive agreements for a private placement of its common stock and warrants to purchase common stock. At the closing, the company will receive gross proceeds of $6 million.

The investors will receive a short-term warrant giving them the right, during the 60-day period, to purchase another $6 million of the company’s common stock at the same price paid at the closing.

In addition, the investors will receive a five-year warrant covering 100% of the shares purchased at the closing and a warrant that affects the pricing of the shares purchased at the closing.

Scotts Valley, California-based VirnetX Holding is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol.

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