M86 Security, Finjan Deal Included $19.25M In Stock

A regulatory filing today by Orange-based web security tool developer M86 Security indicates that the firm has raised or issued $19.245M in stock, in connection with a merger or acquisition--most likely the firm's acquisition of San Jose-based Finjan, a developer of secure web gateway products. The filing indicates the equity was issued on November 2nd, the day before the firm announced that it had acquired Finjan.