Vislink raises $12M in a public offering
Vislink announced the pricing of an underwritten public offering of 1,550,000 shares of common stock together with common stock warrants to purchase 1,550,000 shares of common stock and 4,450,000 pre-funded warrants, with each pre-funded warrant exercisable for one share of common stock, together with common warrants to purchase 4,450,000 shares of common stock. The shares of common stock and accompanying common warrants are being sold together at a combined public offering price of $2.00 per share. The common warrants will have an exercise price of $5.00 per share, will be immediately exercisable and will expire five years from the date of issuance. A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering.