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Intellicheck to take in $8.5 million through public offering of shares
Aegis Capital helps fund research and development, corporate purposes
By Devika Patel
Knoxville, Tenn., Jan. 5 – Intellicheck Mobilisa, Inc. will raise $8.5 million in its public sale of common stock, according to a free-writing prospectus filed Monday with the Securities and Exchange Commission. The deal was announced Dec. 19.
There is a 15%, 45-day greenshoe.
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 identity card seller is based in Port Townsend, Wash.
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