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Wave Systems Corp to complete $9.9 mln stock offering


Thursday, 12 Jun 2014 08:30am EDT 

Wave Systems Corp:Says it is selling to investors 5,225,560 shares of its common stock at a price of $1.90 per share.Investors in offering will also receive five-year warrants to purchase an aggregate of 2,090,224 shares of Wave's Class A common stock for $1.90 per share.Offering is expected to close on or about June 17.Total gross proceeds of the offering are $9,928,564.Intends to use net proceeds from this offering for working capital and general corporate purposes.Craig-Hallum Capital Group LLC acted as the exclusive placement agent for offering. 

Company Quote

0.651
-0.014 -2.11%
29 Jan 2015