Identiv, Inc. (NASDAQ: INVE) today announced the pricing of an underwritten public offering of 2,474,226 shares of its common stock at a public offering price of $4.85 per share. The gross proceeds to Identiv from this offering, before deducting underwriting discounts and commissions and offering expenses payable by Identiv, are expected to be approximately $12 million. All of the shares are being offered by Identiv. The offering is scheduled to close on or about May 24, 2017, subject to customary closing conditions.
Identiv intends to use the net proceeds from the offering for working capital and other general corporate purposes. Identiv may also use a portion of the net proceeds from the offering to acquire or invest in complementary businesses, technologies or other assets, although it has no present commitments or agreements to do so.
Northland Capital Markets is acting as the sole bookrunner for the offering.
For contacts and more information: Press Release Indentiv, Inc. 05/19/2017