Sito Mobile announces plans to price public offering of common stock

Cowen is the bookrunner; co-managers Craig-Hallum, Maxim Group assist

By Devika Patel

Knoxville, Tenn., Sept. 15 – Sito Mobile Ltd. said it will conduct a public sale of its common stock.

Cowen and Co., LLC is the bookrunner, and Craig-Hallum Capital Group LLC and Maxim Group LLC are the co-managers.

Proceeds will be used to repay about $4.4 million of debt and for general corporate purposes.

The Jersey City, N.J., company provides mobile location-based advertising platform serving businesses, advertisers and brands.

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