Bookrunner Craig-Hallum Capital raises proceeds for corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 7 – Neonode Inc. said it will conduct a $6.08 million public offering of stock.
The company will sell 3.2 million common shares at $1.90 per share. The price per share is a 27.76% discount to the Oct. 6 closing share price of $2.63.
Craig-Hallum Capital Group LLC is the bookrunner.
Settlement is expected Oct. 13.
Proceeds will be used for general corporate purposes, including capital expenditures and working capital.
Neonode is a user-experience technology company with offices in San Ramon, Calif., and Stockholm.
Issuer: | Neonode Inc.
|
Issue: | Common stock
|
Amount: | $6.08 million
|
Shares: | 3.2 million
|
Price: | $1.90
|
Warrants: | No
|
Bookrunner: | Craig-Hallum Capital Group LLC
|
Pricing date: | Oct. 7
|
Settlement date: | Oct. 13
|
Stock symbol: | OTCBB: NEON
|
Stock price: | $2.63 at close Oct. 6
|
Market capitalization: | $84.29 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.