Roth Capital, Ladenburg Thalmann and Benchmark will assist with sale
By Devika Patel
Knoxville, Tenn., May 27 – Uni-Pixel, Inc. said it priced an $8.03 million public offering of stock with a $1.5 million greenshoe. The deal was announced Thursday.
The company will sell 5.35 million common shares at $1.50 apiece. The price per share is a 27.89% discount to the May 26 closing share price of $7.63.
Roth Capital Partners is the bookrunner.
Settlement is expected on June 2.
Proceeds will be used for general corporate purposes.
Based in the Woodlands, Texas, Uni-Pixel produces technology for flat-panel displays.
| Issuer: | Uni-Pixel, Inc.
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| Issue: | Common shares
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| Amount: | $8,025,000
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| Greenshoe: | $1,203,750, or 802,500 shares
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| Shares: | 5.35 million
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| Price: | $1.50
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| Warrants: | No
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| Bookrunner: | Roth Capital Partners
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| Co-managers: | Ladenburg Thalmann & Co. Inc. and Benchmark Co.
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| Announcement date: | May 26
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| Pricing date: | May 27
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| Settlement date: | June 2
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| Stock symbol: | Nasdaq: UNXL
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| Stock price: | $2.08 at close May 26
|
| Market capitalization: | $65.91 million
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