Market Overview

Intellicheck Mobilisa Prices 7.78M Share Offering at $0.45/Share

Intellicheck Mobilisa (NYSE MKT: IDN) today announced the pricing of
an underwritten public offering of 7,780,000 shares of its common stock,
offered at a price to the public of $0.45 per share. The gross proceeds
to Intellicheck Mobilisa from this offering are expected to be
approximately $3,500,000 before deducting the underwriting discount and
other estimated offering expenses payable by Intellicheck Mobilisa.
Intellicheck Mobilisa has granted the underwriters a 45-day option to
purchase up to an aggregate of 1,167,000 additional shares of its common
stock to cover over-allotments, if any. The offering is expected to
close on or about January 14, 2014, subject to customary closing
conditions.

See full press release

Posted-In: News Guidance Financing Offerings Management Global

 

Related Articles (IDN)

Around the Web, We're Loving...

Get Benzinga's Newsletters