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Datawatch Corp announces pricing of $50.0 mln common stock offering

Thursday, 13 Feb 2014 08:45am EST 

Datawatch Corp:Says pricing of an underwritten public offering of 1,755,000 shares of its common stock at $28.50 per share.Says it has also granted the underwriters a 30-day option to purchase up to an additional 263,250 shares to cover over-allotments, if any.Says intends to use the net proceeds from the offering for product development, commercialization of its products, working capital and other general corporate purposes, including repayment of outstanding indebtedness.Says offering is expected to close on Feb. 19 subject to customary closing conditions. 

Company Quote

0.09 +1.64%
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