Market Overview

IMRIS Completes Offering of 11M Shares

Share:

IMRIS Inc. (NASDAQ: IMRS) announced today that it has completed its previously announced public offering of common shares. In connection with the Offering, IMRIS and a certain selling shareholder sold 11,000,000 common shares at a public offering price of US$5.00 per share.

Of the common shares sold in the Offering, 10,500,000 common shares were sold by the Company and 500,000 common shares were sold by a selling shareholder, resulting in aggregate gross proceeds to IMRIS of US$52,500,000.

Posted-In: News Offerings

 

Related Articles (IMRS)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Today is Boycott Scanners at the Airport Day: Here's a Money Making Idea

Increased Chinese Reserve Ratio Requirements to 18.5% May Be Big Drag on Aussie