Company sells units of five shares, five-year warrants at $5.00 each
By Devika Patel
Knoxville, Tenn., June 24 - Bridgeline Digital Inc. settled a $2.3 million private placement of units on June 19, according to an 8-K filed Monday with the Securities and Exchange Commission. Taglich Brothers, Inc. was the agent.
The company sold 460,000 units each made up of five common shares and a warrant at $5.00 per unit.
The warrants are each exercisable at $1.25 for five years. The strike price represents a 6.84% premium to the June 18 closing share price of $1.17.
Based in Woburn, Mass., Bridgeline develops web application management software.
| Issuer: | Bridgeline Digital Inc.
|
| Issue: | Units of five common shares and a warrant
|
| Amount: | $2.3 million
|
| Units: | 460,000
|
| Price: | $5.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.25
|
| Agents: | Taglich Brothers, Inc.
|
| Settlement date: | June 19
|
| Stock symbol: | Nasdaq: BLIN
|
| Stock price: | $1.17 at close June 18
|
| Market capitalization: | $16.84 million
|
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