Wireless Ronin Announces $3.3 Million Registered Direct Offering
Wireless Ronin Technologies, Inc. (Nasdaq: RNIN) today announced that it has entered into agreements to sell approximately $3.3 million of its common stock in a registered direct offering. Pursuant to these agreements, the company will issue 3,320,500 shares of common stock at $1.00 per share. The company expects net proceeds of approximately $2.9 million, which it plans to use for general corporate purposes, including working capital. The closing of the offering is expected to take place on or about December 12, 2011, subject to customary closing conditions.
Roth Capital Partners, LLC acted as the Company's placement agent for the transaction.
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