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Identiv Prices $30 Million Public Offering of Common Stock

Priced an underwritten public offering of two million shares at a public offering price of $15.00 per share

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Identiv, Inc. priced an underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $15.00 per share. The offering is expected to close on Sept. 16, 2014, subject to satisfaction of customary closing conditions.

Identiv expects to receive net proceeds of approximately $27.3 million from the sale of common stock, after deducting the underwriting discounts and estimated offering expenses payable by Identiv. Identiv intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the acquisition of, or investment in, companies, technologies, products or assets that complement Identiv’s business.

Cowen and Company, LLC is acting as the underwriter for the offering. Identiv has also granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock to cover overallotments, if any.

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