Majesco Entertainment (COOL) Completes 6.42 Million Share Offering to Institutional Investors
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Majesco Entertainment Company (Nasdaq: COOL) has closed its previously announced registered direct offering of 6.420 million shares of common stock at a purchase price of $1.50 per share to select institutional investors. The Company raised approximately $9.6 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. Roth Capital Partners served as the sole placement agent for the offering and Bond Lane Partners served as financial advisor.
Majesco Entertainment Company is a provider of video games for the mass market.[SM]
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