Company sells shares at $1.15 apiece; Taglich Brothers was the agent
By Devika Patel
Knoxville, Tenn., June 5 - Bridgeline Digital Inc. completed a $2.5 million private placement of stock on May 31, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Taglich Brothers, Inc. was the agent.
The company sold 2,173,913 common shares at $1.15 per share. The price per share reflects a 16.67% discount to the May 30 closing share price of $1.38.
Based in Woburn, Mass., Bridgeline develops web application management software.
| Issuer: | Bridgeline Digital Inc.
|
| Issue: | Common stock
|
| Amount: | $2.5 million
|
| Shares: | 2,173,913
|
| Price: | $1.15
|
| Warrants: | No
|
| Agent: | Taglich Brothers, Inc.
|
| Settlement date: | May 31
|
| Stock symbol: | Nasdaq: BLIN
|
| Stock price: | $1.38 at close May 30
|
| Market capitalization: | $30.4 million
|
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