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Provider: Reuters Investment Profile
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IMRIS Inc Closes Public Offering of Common Shares

Monday, 18 Mar 2013 11:26am EDT 

IMRIS Inc announced that it has closed its underwritten public offering of 5,750,000 common shares at a public offering price of USD3.50 per share. The gross proceeds to IMRIS, before underwriting commissions and other offering expenses, were approximately USD20.1 million. Canaccord Genuity acted as sole book-running manager for the offering and Cowen and Company, LLC acted as co-manager. IMRIS intends to use the net proceeds from this offering for working capital and general corporate purposes, including commercialization activities of new products, research and development programs and working capital needs. 

Company Quote

18 Dec 2014