Published on 11/3/2009 in the Prospect News PIPE Daily.
New Issue: Blinkx plans to raise £5.03 million through private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 3 - Blinkx plc said it will take in £5.03 million in a private placement of shares.
The company will sell 27,927,971 ordinary shares at 18p per share.
Autonomy Corp. plc, the company's principal shareholder, is among the investors and has also agreed to underwrite the deal.
Based in London, Blinkx provides video search services on the internet.
| Issuer: | Blinkx plc
|
| Issue: | Ordinary shares
|
| Amount: | £5,027,035
|
| Shares: | 27,927,971
|
| Price: | 18p
|
| Warrants: | No
|
| Underwriter: | Autonomy Corp. plc
|
| Investor: | Autonomy Corp. plc
|
| Pricing date: | Nov. 3
|
| Stock symbol: | London: BLNX
|
| Stock price: | 17.5p at close Nov. 3
|
| Market capitalization: | £54.2 million
|
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