Intellicheck Mobilisa prices public offering of common stock

Intellicheck Mobilisa, Inc. (NYSE: IDN) said it has priced an underwritten public offering of 2,617,000 shares of its common stock, offered at a price to the public of USD0.80 per share.

The gross proceeds to Intellicheck Mobilisa from this offering are expected to be approximately USD2,093,600 before deducting the underwriting discount and other estimated offering expenses payable by Intellicheck Mobilisa. Intellicheck Mobilisa has granted the underwriters a 45-day option to purchase up to an aggregate of 392,550 additional shares of its common stock to cover over-allotments, if any. The offering is expected to close on or about April 9, 2014, subject to customary closing conditions.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

Intellicheck Mobilisa is a leading technology company providing wireless technology and identity systems for various applications, including mobile and handheld access control and security systems for the government, military and commercial markets. Its website is at www.icmobil.com.

0saves
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.

Comments are closed.

Powered by WordPress