Digimarc raises ~$32.5M in registered direct offering of 928,571 shares at $35/share

Digimarc CORP

Offering consists of 928,571 shares of common stock at $35.00 per share.
Gross proceeds estimated at $32.5 million; no placement agent or underwriter involved.
Closing expected on or about February 27, 2024, subject to customary conditions.
Shares offered under existing S-3 shelf registration (File No. 333-272903).
Funds raised will be used for general corporate purposes (not specified further).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Digimarc CORP entered into Purchase Agreements with investors valued at approximately $32.5 million (effective 2024-02-24).

Action: entry
Agreement: equity purchase
Counterparty: investors
Value: approximately $32.5 million
Effective: 2024-02-24

Exact text from the filing

On February 24, 2024, Digimarc Corporation (the “Company”) entered into purchase agreements with investors (collectively, the “Purchase Agreements”) providing for the issuance and sale by the Company of 928,571 common shares, in the aggregate (the “Shares”), in a registered direct offering (the “Offering”).

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757 material agreements filed in the last 30 days. Browse all material agreements →

Digimarc CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-045489

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