SITO Mobile (SITO) to Offer Shares of Common Stock

September 15, 2016 4:05 PM EDT
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SITO Mobile Ltd. (NASDAQ: SITO) today announced that it intends to offer and sell shares of common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.

Cowen and Company, LLC is acting as the sole book-running manager for the offering, with Craig-Hallum Capital Group LLC and Maxim Group LLC as Co-Managers.

The shares are offered by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-213221) including a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (the “SEC”).

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