Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 eMagin Announces $2 Million Registered Direct Offering of Common Stock - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

eMagin Announces $2 Million Registered Direct Offering of Common Stock

Agreed to sell 4 million shares of its common stock to an institutional investor at a purchase price per share of $0.50.

Author Image

By: DAVID SAVASTANO

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

eMagin Corporation, a leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, announced that it has agreed to sell 4 million shares of its common stock to an institutional investor at a purchase price per share of $0.50 in a registered direct offering.
 
The gross proceeds to the company are expected to be approximately $2 million before deducting placement agent fees and other offering expenses. The company intends to use the net proceeds for working capital and other general corporate purposes.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters