Aegis Capital helps fund research and development, corporate purposes
By Devika Patel
Knoxville, Tenn., Jan. 14 - Intellicheck Mobilisa, Inc. said the underwriters for its public offering of stock opted to exercise the deal's $751,500 greenshoe in full, lifting total proceeds to $4.25 million. The offering was announced Dec. 19 and priced for $3.5 million with the greenshoe on Jan. 9.
The company sold 9.45 million common shares at $0.45 per share. The price per share reflects a 19.64% discount to the Jan. 7 closing share price of $0.56. Of the shares, 1.67 million were part of the fully exercised greenshoe.
Aegis Capital Corp. was the bookrunner.
Proceeds will be used for product research and development initiatives, to grow sales and marketing groups and for general corporate purposes.
The identity card seller is based in Port Townsend, Wash.
| Issuer: | Intellicheck Mobilisa, Inc.
|
| Issue: | Common stock
|
| Amount: | $4,252,500 (including $751,500 greenshoe)
|
| Shares: | 9.45 million
|
| Price: | $0.45
|
| Warrants: | No
|
| Bookrunner: | Aegis Capital Corp.
|
| Announcement date: | Dec. 19
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 14
|
| Stock symbol: | NYSE: IDN
|
| Stock price: | $0.56 at close Jan. 7
|
| Market capitalization: | $14.79 million
|
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