New Issue: Neonode prices $2.15 million placement of shares, warrants

By Devika Patel

Knoxville, Tenn., Dec. 19 - Neonode Inc. plans a $2.15 million private placement of stock with warrants, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The company will sell 661,500 common shares at $3.25 apiece to an investor. The investor also will receive warrants to buy 496,125 shares at the greater of $3.92 or the sum of $0.01 and the closing bid price of the company's common stock on the date immediately preceding the closing date.

The placement agent will receive warrants to purchase 49,612 common shares at $3.25, warrants to purchase 37,209 common shares at a price equal to the exercise price of the warrants sold in the deal and $161,241 in cash.

Neonode is a user-experience technology company with offices in San Ramon, Calif., and Stockholm.

Issuer:	Neonode Inc.
Issue:	Common stock with warrants
Amount:	$2,149,875
Shares:	661,500
Price:	$3.25
Warrants:	For 496,125 shares
Warrant strike price:	The greater of $3.92 or the sum of $0.01 and the closing bid price of the company's common stock on the date immediately preceding the closing date
Fees:	$161,241 in cash, 86,821 warrants
Pricing date:	Dec. 19
Stock symbol:	Nasdaq: NEON
Stock price:	$3.64 at close Dec. 19

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