Deal sells units with five-year warrants via Roth, Ladenburg Thalman
By Devika Patel
Knoxville, Tenn., Nov. 24 – Uni-Pixel, Inc. said it priced an $8.18 million registered direct offering of units. Roth Capital Partners, LLC is the lead placement agent, and Ladenburg Thalmann & Co. Inc. is the co-placement agent for the deal, which was announced Monday.
The company will sell 9,625,871 units of one common share and one warrant at $0.85 per unit, with each warrant exercisable at $1.50 for five years.
The strike price reflects a 1.4% premium to the Nov. 23 closing share price of $1.48.
Settlement is expected Nov. 30.
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.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $8,181,990
|
| Units: | 9,625,871
|
| Price: | $0.85
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.50
|
| Agent: | Roth Capital Partners, LLC (lead), Ladenburg Thalmann & Co. Inc.
|
| Announcement date: | Nov. 23
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Stock symbol: | Nasdaq: UNXL
|
| Stock price: | $1.48 at close Nov. 23
|
| Market capitalization: | $14.87 million
|
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