BlackStratus plans to price $20 million initial public stock offering

Aegis Capital assists in funding debt repayment, corporate purposes

By Devika Patel

Knoxville, Tenn., April 16 - BlackStratus, Inc. will price a $20 million initial public offering of common stock with a 45-day greenshoe option, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The company expects its shares will trade on the Nasdaq under the symbol "BLKS."

Aegis Capital Corp. is the underwriter.

Proceeds will be used to repay the Sigma convertible notes and line of credit and for general corporate purposes.

Based in Piscataway, N.J., BlackStratus is a security software company.

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