Aegis is bookrunner for registered sale, has greenshoe for 15%
New York, Jan. 9 – Intellicheck Mobilisa, Inc. priced an $8.5 million public offering of common stock at $1.75 per share.
The company sold 4,857,143 shares in the deal, which was priced after the close on Thursday.
Bookrunner Aegis Capital Corp. has a 45-day over-allotment option for a further 728,571 shares, or 15% of the size of the sale.
The per-share price is a $0.65, or 27%, discount to the closing stock price of $2.40 on Thursday.
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.
| Issuer: | Intellicheck Mobilisa, Inc.
|
| Issue: | Common stock
|
| Amount: | $8.5 million
|
| Shares: | 4,857,143
|
| Greenshoe: | For 728,571 shares
|
| Price: | $1.75
|
| Warrants: | No
|
| Pricing date: | Jan. 8, after close
|
| Settlement: | Jan. 14
|
| Bookrunner: | Aegis Capital Corp.
|
| Distribution: | Registered
|
| Stock symbol: | NYSE MKT: IDN
|
| Stock price: | $2.40 at close on Jan. 8
|
| Market capitalization: | $8.4 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
