other material
confidence high
sentiment neutral
materiality 0.60
TransAct completes $10.6M public offering of 732,500 shares at $14.50/share
TRANSACT TECHNOLOGIES INC
- Closed underwritten offering of 732,500 new common shares at $14.50 each, gross proceeds ~$10.6M.
- Net proceeds after underwriting discounts and expenses ~$9.8M, for working capital and food service tech expansion.
- Underwriters granted a 30-day option to purchase up to an additional 109,875 shares to cover over-allotments.
- Roth Capital acted as sole book-running manager; Craig-Hallum and Barrington Research as co-managers.
- Offering closed on August 16, 2021; expected to support continued food service technology development and growth.