Intellicheck Mobilisa, Inc. (NYSE: IDN) said it is closing a previously announced 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 total gross proceeds to Intellicheck Mobilisa from this offering are approximately USD2,093,600 before deducting the underwriting discount and other estimated offering expenses payable by Intellicheck Mobilisa.
Aegis Capital Corp. acted as the sole book-running manager for the offering. For a period of 45 days from April 3, 2014, Aegis Capital Corp. has the option to purchase an additional 392,500 shares to cover over-alottments.
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.