Offering will sell 2,728,712 common shares at $6.11, $5.93 per share
By Devika Patel
Knoxville, Tenn., July 23 – Mattersight Corp. will raise $16.21 million in a registered direct offering of stock it priced on July 22, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company will sell 2,728,712 common shares. Insiders will buy 165,474 shares at $6.11 apiece, and the remaining 2,563,238 shares will be sold to investors at $5.93 apiece. The prices per share are 1.45% and 4.35% discounts to the July 21 closing share price of $6.20.
Settlement is expected July 23.
Proceeds will be used for working capital purposes.
Chicago-based Mattersight provides enterprise analytics services with a focus on customer and employee interactions and behavior.
| Issuer: | Mattersight Corp.
|
| Issue: | Common shares
|
| Amount: | $16,211,048
|
| Shares: | 2,728,712
|
| Prices: | $5.93 (for 2,563,238 shares), $6.11 (for 165,474 shares)
|
| Warrants: | No
|
| Pricing date: | July 22
|
| Settlement date: | July 23
|
| Stock symbol: | Nasdaq: MATR
|
| Stock price: | $6.20 at close July 21
|
| Market capitalization: | $152.28 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.
