Aegis Identity to price IPO of 2 million common shares at $5.00

Deal funds marketing, distribution of products, product development

By Devika Patel

Knoxville, Tenn., July 13 – Aegis Identity Software, Inc. will sell 2 million common shares in its initial public offering with a 30-day over-allotment option of 1.08 million additional shares, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The company has registered up to $10 million of stock.

The shares will be sold at an expected price of $5.00 per share.

Proceeds will be used for marketing and distribution of products, product development and engineering programs, potential acquisitions, repayment of notes and general corporate purposes.

Aegis Identity Software provides identity and access management products and services for education IT environments. It is based in Englewood, Colo., and intends to list its common stock on the Nasdaq stock exchange under the symbol “AIDM.”

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