TriPoint is placement agent; proceeds for general corporate purposes
New York, March 20 - Dataram Corp. priced a $659,262 registered direct offering of stock on Thursday, according to an 8-K filed with the Securities and Exchange Commission.
The company will sell 219,754 shares at $3.00 each. The price is a 36% discount to the company's closing share price of $4.66 on Thursday.
Tripoint Global Equities, LLC was the agent for the deal, which is expected to settle on Friday.
Proceeds will be used for working capital and general corporate purposes.
Dataram is a West Windsor, N.J., developer, manufacturer and marketer of large capacity memory products primarily used in high performance network servers and workstations.
| Issuer: | Dataram Corp.
|
| Issue: | Common stock
|
| Amount: | $649,262
|
| Shares: | 219,754
|
| Price: | $3.00
|
| Warrants: | None
|
| Agent: | Tripoint Global Equities, LLC
|
| Pricing date: | March 20
|
| Settlement date: | March 21
|
| Stock symbol: | Nasdaq Capital Market: DRAM
|
| Stock price: | $4.66 at close March 20
|
| Market capitalization: | $9.8 million
|
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