Bookrunner Aegis Capital also has a $330,000 over-allotment option
By Devika Patel
Knoxville, Tenn., Sept. 6 - Izea Inc. priced a $2.2 million public sale of stock in a prospectus filed Thursday with the Securities and Exchange Commission. The deal has a $330,000 greenshoe.
The company will sell 2.2 million common shares at $1.00 apiece. The price per share reflects a 44.44% discount to the Sept. 5 closing share price of $1.80.
Aegis Capital Corp. is the bookrunner.
Settlement is expected Sept. 11.
Proceeds will be used for sales and client relations, marketing, technology and platform engineering, working capital and general corporate purposes.
Izea is an Orlando, Fla., company that connects social media publishers with advertisers.
| Issuer: | Izea Inc.
|
| Issue: | Common stock
|
| Amount: | $2.2 million
|
| Greenshoe: | $330,000
|
| Shares: | 2.2 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Bookrunner: | Aegis Capital Corp.
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 11
|
| Stock symbol: | OTCBB: IZEA
|
| Stock price: | $1.80 at close Sept. 5
|
| Market capitalization: | $1.75 million
|
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