Inuvo closes $4M registered direct offering of 16M shares at $0.25/share

Inuvo, Inc.

Closed registered direct offering of 16,000,000 shares at $0.25 per share for gross proceeds of $4.0M.
Net proceeds to be used for working capital and general corporate purposes.
Post-offering outstanding shares: 137,883,919.
A.G.P./Alliance Global Partners acted as sole placement agent.
Offering made under effective shelf registration statement on Form S-3 (File 333-253018).

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