By Devika Patel
Knoxville, Tenn., Sept. 17 - Majesco Entertainment Co. said it negotiated a $9.63 million registered direct offering of stock.
The company will sell 6.42 million common shares at $1.50 apiece.
Roth Capital Partners is the agent.
Settlement is expected to occur Tuesday.
Proceeds will be used for general corporate purposes.
Majesco is an Edison, N.J.-based provider of video games and digital entertainment products.
| Issuer: | Majesco Entertainment Co.
|
| Issue: | Common stock
|
| Amount: | $9.63 million
|
| Shares: | 6.42 million
|
| Price: | $1.50
|
| Warrants: | No
|
| Agent: | Roth Capital Partners
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 22
|
| Stock symbol: | Nasdaq: COOL
|
| Stock price: | $1.94 at close Sept. 16
|
| Market capitalization: | $51.3 million
|
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