RiT Technologies Prices 3M Share at $2.00/Share

RiT Technologies

announced the pricing of an underwritten public offering of 3,000,000 ordinary shares and warrants to purchase up to an aggregate of 1,500,000 ordinary shares, at an offering price of $2.00 per share and $0.01 per warrant.  The warrants have a per share exercise price of $2.50, are exercisable immediately, and expire 5 years from the date of issuance.  The warrants will begin trading on The NASDAQ Capital Market on November 22, 2013 under the symbol "RITTW." Aegis Capital Corp. is acting as the sole book-running manager for this offering. The gross proceeds to RiT from this offering are expected to be $6.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses.  The offering is expected to close on or about November 27, 2013, subject to customary closing conditions.  RiT has granted the underwriters a 45-day option to purchase up to 450,000 additional ordinary shares and/or warrants to purchase up to 225,000 additional ordinary shares to cover over-allotments, if any. RiT intends to use the net proceeds from