By Devika Patel
Knoxville, Tenn., April 6 - eDiets.com, Inc. arranged a $5.28 million registered direct offering of stock, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.
The company will sell 5,275,000 common shares at $1.00 per share.
Roth Capital Partners, LLC is the agent.
Settlement is expected April 9.
Proceeds will be used for general corporate purposes, including working capital to fund eDiets' future growth opportunities, such as the expansion of advertising related to its fresh-prepared meal delivery service.
eDiets.com, based in Deerfield Beach, Fla., provides online diet and fitness information and advice.
| Issuer: | eDiets.com, Inc.
|
| Issue: | Common shares
|
| Amount: | $5,275,000
|
| Units: | 5,275,000
|
| Price: | $1.00
|
| Warrants: | No
|
| Agent: | Roth Capital Partners, LLC
|
| Pricing date: | April 6
|
| Settlement date: | April 9
|
| Stock symbol: | Nasdaq: DIET
|
| Stock price: | $1.42 at close April 5
|
| Market capitalization: | $32.8 million
|
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