Authentidate Holding plans to price public sale of common share units

Deal sells units of one common share and one warrant via J.P. Turner

By Devika Patel

Knoxville, Tenn., June 4 - Authentidate Holding Corp. will price a public offering of units with a 45-day greenshoe, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.

The units will consist of one common share and one warrant. The warrants will be exercisable for five years.

J.P. Turner & Co., LLC is assisting.

Proceeds will be used for working capital, including the continued rollout of our telehealth products and services and general corporate purposes.

Based in Berkley Heights, N.J., Authentidate is a provider of secure workflow management software and web-based services.

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