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Stock Market & Financial Investment News

News Breaks
June 23, 2014
09:03 EDTADATAuthentidate awarded Information Technology Equipment Schedule contract
Authentidate announced it has been awarded an Information Technology Equipment Schedule 70 contract by the U.S. General Services Administration, the procurement arm of the Federal government. Authentidate's inclusion as a GSA Schedule 70 vendor enables all government agencies to purchase Inscrybe Discharge and Inscrybe Referral and Order Management services and solutions from the company, including all of the hospitals owned by the Veterans Administration, the Department of Defense and any other government-owned hospital or healthcare facility.
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August 29, 2014
14:20 EDTADATAuthentidate cuts registered direct offering to $2.17M from $2.47M
Authentidate is providing this release to correct the previously announced gross proceeds for its direct placement to approximately $2.17M of common stock and warrants. A prior release had indicated the gross proceeds were approximately $2.47M. The unit price of $0.71 per share and warrant for new investors and $0.75125 per share and warrant for certain affiliated investors did not change. In the transaction, Authentidate will issue a total of 3,041,455 shares of common stock and common stock warrants to purchase up to 1,003,678 shares of common stock. The warrants will be exercisable commencing on the six month anniversary of the date on which they are issued and have an exercise price of $0.8875 per share. The warrants will expire on the 5 year anniversary of the initial exercise date. As previously reported, the company expects to complete the offering on or about September 3. Proceeds from the offering will be used for working capital and general corporate purposes. Certain officers and directors of the company, as well as its largest stockholder, participated in the transaction.
August 28, 2014
16:21 EDTADATAuthentidate files registered direct offering of approximately $2.47M
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