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Authentidate Holding Corp Prices $4.045 Million Public Offering

Wednesday, 12 Jun 2013 09:00am EDT 

Authentidate Holding Corp announced that it has priced an underwritten public offering of 4,257,895 units at a price to the public of $0.95 per unit, resulting in gross proceeds of approximately $4.045 million. Each unit consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $0.95 per share. Net proceeds, after underwriting discount and other estimated fees and expenses payable by the company, are expected to be approximately $3.6 million. The offering is expected to close on or about June 17, 2013. Authentidate has granted the underwriters a 45 day option to purchase up to 425,790 additional shares and additional warrants to purchase up to 425,790 shares to cover over-allotments, if any. J.P. Turner & Company, LLC is acting as the sole underwriter for the proposed offering. 

Company Quote

0.04 +7.27%
1 Aug 2014