Transact Technologies (TACT) Prices 1.2M Share Common Stock Offering at $7.10/Each

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Go back to Transact Technologies (TACT) Prices 1.2M Share Common Stock Offering at $7.10/Each

TransAct Technologies Announces Pricing of Underwritten Public Offering of Common Stock

October 14, 2020 8:30 AM EDT

HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct Technologies Incorporated (Nasdaq: TACT) (TransAct, the Company, we or our), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the pricing of an underwritten public offering of 1,200,000 newly issued shares of its common stock at a price of $7.10 per share. The proceeds to the Company from the offering are expected to be approximately $8.5 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. TransAct has also granted to the underwriters of the offering a 30-day option to purchase an additional 180,000... More