Market Overview

Vringo Announces $45 Million Registered Direct Offering of Common Stock; 10.344M Shares at $4.35

Related VRNG
Vringo Issues Update on UK Litigation: Patents Court Ordered ZTE Will Make Interim Payment of ~$938K
Vringo Offers Statement on Forthcoming Patent Infringement Case Against ZTE in Malaysia

Vringo, Inc. (NYSE: VRNG) today announced that it has entered into subscription agreements for the sale of 10,344,998 shares of its common stock in a registered direct offering at a price of $4.35 per share, for gross proceeds of approximately $45 million.

The shares were offered directly to five existing institutional investors without a placement agent or underwriter.

Posted-In: News Offerings

 

Related Articles (VRNG)

Around the Web, We're Loving...

Get Benzinga's Newsletters