Nautilus (NLS) Announces 4.1M Share Private Placement at $1.22/sh
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Nautilus, Inc. Announces $5,000,000 Registered Direct Offering
June 15, 2023 8:30 AM EDTVANCOUVER, Wash.--(BUSINESS WIRE)-- Nautilus, Inc. (NYSE: NLS) (the Company), today announced that it has entered into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 4,098,362 shares of the Companys common stock (or common stock equivalents) at a purchase price of $1.22 per share of common stock (or common stock equivalent) in a registered direct offering. The closing of the offering is expected to occur on or about June 20, 2023, subject to the satisfaction of customary closing conditions.
In addition, in a concurrent private... More
