Ominto registers $20 million of common stock for public sale of units

Bookrunner Maxim Group will offer units of one share and one warrant

By Devika Patel

Knoxville, Tenn., Sept. 18 – Ominto, Inc. will price a public offering of units, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $20 million of stock for the deal.

The units will consist of common shares and warrants.

Maxim Group LLC is the bookrunner.

Proceeds will be used for expansion, working capital and other general corporate purposes.

The e-commerce company is based in Bellevue, Wash.

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