MoSys Raises $13M Via Secondary Institutional Equity Offering at 21.5% Discount

MoSys Inc (NASDAQ:MOSY) inked an agreement to sell 1.8 million shares $7.15 per share to raise $13 million in gross proceeds in an institutional offering.
The offer price signifies a 21.5% discount to the Friday closing price of $9.11.
The offering proceeds will be utilized for working capital and general corporate purposes.
MoSys shares gained 466% in the last year.
Price action: MOSY shares traded lower by 20.5% at $7.24 in the market session on the last check Monday.

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MoSys Inc (NASDAQ:MOSY) inked an agreement to sell 1.8 million shares $7.15 per share to raise $13 million in gross proceeds in an institutional offering.
The offer price signifies a 21.5% discount to the Friday closing price of $9.11.
The offering proceeds will be utilized for working capital and general corporate purposes.
MoSys shares gained 466% in the last year.
Price action: MOSY shares traded lower by 20.5% at $7.24 in the market session on the last check Monday.

To add Benzinga News as your preferred source on Google, click here.