Integrated Media Technology To Raise $2.8M Via Institutional Share Offering At 23% Discount


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  • Integrated Media Technology Ltd (NASDAQ:IMTEinked agreements with three accredited investors to raise $2.8 million from the sale of 888,888 shares at $3.15 per share.
  • The offer price implies a 22.6% discount to Integrated Media Technology’s Friday closing price of $4.07.
  • The company will utilize the proceeds to purchase equipment for its electronic glass business and working capital.
  • It raised $4.6 million from a secondary offering at a 29.7% discount in March.
  • The share prices lost 28.4% in the last three months.
  • Price action: IMTE shares traded lower by 6.63% at $3.80 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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