Dais to price public stock sale at between $3.00 and $5.00 per share

MDB Capital Group is the underwriter; proceeds fund working capital

By Devika Patel

Knoxville, Tenn., Sept. 19 - Dais Analytic Corp. plans to price an $11.25 million to $18.75 million public sale of stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The deal will have a 45-day greenshoe.

The company will sell 3.75 million common shares at a price that is expected to be between $3.00 and $5.00 per share. The greenshoe will consist of 562,500 shares.

MDB Capital Group LLC is the underwriter.

Proceeds will be used for working capital, to pay certain note obligations, to pay salaries and for general corporate purposes.

Dais, based in Odessa, Fla., provides nanotechnology-based applications for heating and cooling, water treatment and energy storage.

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