Wave Systems completes $1.53 million private placement of common stock

Agent Security Research Associates helps sell 1,204,470 class A shares

By Devika Patel

Knoxville, Tenn., July 30 - Wave Systems Corp. settled a $1.53 million private placement of stock on July 25, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Security Research Associates, Inc. was the agent.

The company sold 1,204,470 class A common shares at $1.27 per share, which is a 3.79% discount to the July 24 closing share price of $1.32.

Wave Systems is a Lee, Mass., maker of hardware and software-based digital security products for computers.

Issuer:	Wave Systems Corp.
Issue:	Class A common stock
Amount:	$1,529,677
Shares:	1,204,470
Price:	$1.27
Warrants:	No
Agent:	Security Research Associates, Inc
Settlement date:	July 25
Stock symbol:	Nasdaq: WAVX
Stock price:	$1.32 at close July 24
Market capitalization:	$45.77 million

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