Mad Catz Announces Approximately $12.2M Private Placement Financing
Mad Catz Interactive, Inc (NYSE: MCZ) announced today that it has received securities purchase agreements from accredited investors for the private placement of approximately 6.35 million shares of its common stock at $1.92 per share and warrants to purchase approximately 2.54 million additional shares of its common stock.
The warrants to purchase additional shares will be exercisable at a price of $2.56 per share for 5 years commencing six months and one day following their issue date. The Company plans to file a registration statement with the Securities and Exchange Commission to permit the resale of the shares and shares underlying the warrants. Roth Capital Partners served as exclusive placement agent for the transaction.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.