By Sheri Kasprzak
New York, June 15 - Harris & Harris Group, Inc. plans to complete a $14.027 million direct placement of stock.
The offering includes 1.3 million shares at $10.79 each to a group of institutional investors. The share price is a 5% discount to the company's 10-day volume-weighted average price.
The shares will be sold under the company's shelf registration.
The offering is set to close June 20.
Global Crown Capital, LLC was the placement agent.
New York-based Harris & Harris is a venture capital company focused on nanotechnology.
| Issuer: | Harris & Harris Group, Inc.
|
| Issue: | Stock
|
| Amount: | $14.027 million
|
| Shares: | 1.3 million
|
| Price: | $10.79
|
| Warrants: | No
|
| Placement agent: | Global Crown Capital, LLC
|
| Announcement date: | June 15
|
| Settlement date: | June 20
|
| Stock symbol: | Nasdaq: TINY
|
| Stock price: | $11.95 at close June 15
|
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