By Devika Patel
Knoxville, Tenn., Sept. 18 - Northern Technologies International Corp. said it plans a $3.55 million registered direct offering of stock.
The company will sell 480,000 common shares at $7.40 per share.
Settlement is expected on Sept. 23.
Next Generation Equity Research, LLC is the agent.
Proceeds will be used for research and development.
Based in Circle Pines, Minn., Northern Technologies develops and markets environmentally beneficial products and technical services.
| Issuer: | Northern Technologies International Corp.
|
| Issue: | Common shares
|
| Amount: | $3,552,000
|
| Shares: | 480,000
|
| Price: | $7.40
|
| Warrants: | No
|
| Agent: | Next Generation Equity Research, LLC
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Stock symbol: | Nasdaq: NTIC
|
| Stock price: | $7.97 at close Sept. 18
|
| Market capitalization: | $29.9 million
|
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