other material
confidence high
sentiment neutral
materiality 0.70
Digimarc to raise ~$58.3M via registered direct offering of 2.25M shares at $25.90/share
Digimarc CORP
- Offering of 2,250,000 common shares at $25.90 per share to certain investors without an underwriter.
- Gross proceeds expected to be approximately $58.3 million; closing on or about April 7, 2022.
- Proceeds to be used for general corporate purposes; shares offered under effective S-3 registration statement.
- Dilution of approximately 18% based on pre-offering share count of roughly 12.3M shares outstanding.