Authentidate (ADAT) Enters into 4.1% Registered Direct Offering
Tweet
Share
E-mail
Authentidate Holding Corp. (Nasdaq: ADAT), has entered into definitive agreements with institutional and accredited investors for a direct placement of $4,112,500 of common stock and warrants, at a unit price of $0.70 per share and warrant.
In the transaction, Authentidate will issue a total of 5,875,000 shares of common stock and common stock warrants to purchase up to 2,937,500 shares of common stock. The warrants will be exercisable commencing on the six month anniversary of the date on which they are issued and have an exercise price of $1.00 per share. The warrants will expire on the 4 year anniversary of the initial exercise date.
In the transaction, Authentidate will issue a total of 5,875,000 shares of common stock and common stock warrants to purchase up to 2,937,500 shares of common stock. The warrants will be exercisable commencing on the six month anniversary of the date on which they are issued and have an exercise price of $1.00 per share. The warrants will expire on the 4 year anniversary of the initial exercise date.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kohl's names Ryan Waymire as chief merchandising officer
- GrafTech to permanently close Monterrey graphite electrode plant
- Parsons joins federal water cybersecurity pilot Project Watershed 250
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
