Aegis acts as bookrunner; proceeds to fund research and development
By Angela McDaniels
Tacoma, Wash., April 3 - Intellicheck Mobilisa, Inc. priced a $2.09 million public offering of common stock with a $314,040 greenshoe.
The 2,617,000 shares priced at $0.80 each, according to a company news release.
The price is a 12.1% discount to the company's $0.91 closing share price on April 2.
Aegis Capital Corp. is the bookrunner.
Proceeds will be used for product research and development initiatives, to grow sales and marketing groups, to protect intellectual property and for general corporate purposes.
The Port Townsend, Wash.-based company makes wireless technology and identity systems for mobile and handheld access control and security systems.
Issuer: | Intellicheck Mobilisa, Inc.
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Issue: | Common stock
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Amount: | $2,093,600
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Greenshoe: | $314,040, or 392,550 shares
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Shares: | 2,617,000
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Price: | $0.08
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Warrants: | No
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Bookrunner: | Aegis Capital Corp.
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Pricing date: | April 3
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Settlement date: | April 9
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Stock symbol: | NYSE MKT: IDN
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Stock price: | $0.91 at close April 2
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Market capitalization: | $30.67 million
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