By Devika Patel
Knoxville, Tenn., Nov. 5 - Wireless Ronin Technologies, Inc. said it plans a $6.66 million registered direct offering of stock.
The company will sell 2,297,000 common shares at $2.90 apiece.
Feltl & Co., Inc. and Barrington Research Associates, Inc. are the agents. They will receive a fee of 6%.
Settlement is expected Nov. 9.
Proceeds will be used for general corporate purposes and for other working capital purposes.
Minnetonka, Minn.-based Wireless Ronin provides digital signage solutions to retail and service markets.
| Issuer: | Wireless Ronin Technologies, Inc.
|
| Issue: | Common stock
|
| Amount: | $6,661,300
|
| Shares: | 2,297,000
|
| Price: | $2.90
|
| Warrants: | No
|
| Agents: | Feltl & Co., Inc. and Barrington Research Associates, Inc.
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 9
|
| Stock symbol: | Nasdaq: RNIN
|
| Stock price: | $3.31 at close Nov. 4
|
| Market capitalization: | $43.5 million
|
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