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Impinj (PI) Launches 3.5M Share Common Stock Follow-on Offering

Go back to Impinj (PI) Launches 3.5M Share Common Stock Follow-on Offering

Impinj, Inc. Launches Follow-On Offering

November 28, 2016 5:11 PM EST

SEATTLE, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of solutions for identifying, locating and authenticating everyday items using RAIN RFID, today announced the launch of a proposed follow-on public offering of 3,515,869 shares of its common stock, which will include 1,000,000 shares to be offered by Impinj and 2,515,869 shares to be offered by certain selling stockholders. Impinj will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, Impinj expects to grant the underwriters a 30-day option... More