Moving iMage Technologies prices IPO at $3.00/share, raises $14.5M gross, appoints CFO

MOVING iMAGE TECHNOLOGIES INC.

Sold 4,830,000 shares (including full over-allotment) at $3.00/share; total gross proceeds ~$14.5M.
Shares began trading on NYSE American under ticker MITQ on July 8, 2021.
Net proceeds to fund sales/marketing expansion and working capital; may fund acquisitions.
Michael Sherman appointed CFO effective July 7, 2021; previously interim CFO since July 2018.
Boustead Securities acted as sole underwriter; lock-up agreements for officer/directors for 365 days.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Michael Sherman

Chief Financial Officer

MITQ · MOVING iMAGE TECHNOLOGIES INC.

Effective: 2021-07-07
Filed: July 13, 2021, 7:59 PM ET

On July 6, 2021, Michael Sherman was appointed Chief Financial Officer effective July 7, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Sherman was appointed as Chief Financial Officer at MOVING iMAGE TECHNOLOGIES INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 6, 2021, Michael Sherman was appointed Chief Financial Officer effective July 7, 2021.

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MOVING iMAGE TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001104659-21-091675

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