Nxt-ID announces plans to price public offering of stock and warrants

Funds used for general corporate purposes, including working capital

By Devika Patel

Knoxville, Tenn., Aug. 5 – Nxt-ID, Inc. plans to price a public offering of its common stock and warrants with a 45-day greenshoe option, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.

The warrants will be exercisable at 120% of the price per share.

Northland Capital Markets and the Benchmark Co. are the joint bookrunners.

Proceeds will be used for general corporate purposes, including working capital, product development and marketing activities.

The Shelton, Conn., company offers security solutions for mobile devices.

© 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.