Open Close

Mattersight tallies USD6.0m from common stock placement

Mattersight Corp. (NASDAQ: MATR) said it has closed a private placement of common stock to certain accredited investors, with gross proceeds totaling USD6.0m.

The proceeds will be used for general corporate and working capital purposes, the company said.

The private placement resulted in the issuance of 1,538,462 shares of Mattersight´s common stock priced at USD3.90 per share. The offering was oversubscribed, with strong participation from insiders and other existing company shareholders. Mattersight intends to file a Registration Statement covering the resale of the common stock underlying the shares on or before January 2, 2014.

“We are pleased by the support from existing and new investors, as we are seeing strong demand for our key big data analytics solutions,” said Kelly Conway, CEO of Mattersight.

Craig-Hallum Capital Group LLC acted as the exclusive placement agent in connection with this private placement.

Mattersight is a leader in enterprise analytics focused on customer and employee interactions and behaviors. The company´s website is at


If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.