Resonant expects to price IPO of 2.25 million common shares at $6.00

Proceeds used for research, development, interest on convertible notes

By Devika Patel

Knoxville, Tenn., April 11 - Resonant Inc. will sell 2.25 million common shares in its initial public offering with a 45-day, 15% greenshoe of 337,500 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Jan. 24.

The shares will be sold at an expected price of $6.00 per share.

MDB Capital Group LLC is the sole bookrunning manager for the firm-commitment offering.

Proceeds will be used for research and development, to pay interest on the company's $9.4 million convertible promissory notes and for working capital and general corporate purposes.

The Santa Barbara, Calif., company creates filter designs for radio frequency front-ends for the mobile device industry. The company expects its shares will trade on the Nasdaq under the symbol "RESN."

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