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News Breaks | | | | September 13, 2012 | | 15:55 EDT |  | RNIN | Wireless Ronin announces $1.4M registered direct offering
Wireless Ronin Technologies announced that it has entered into agreements to sell approximately $1.4M of its common stock in a registered direct offering. Pursuant to these agreements, the company will issue 1,738,452 shares of common stock at 81c per share. The company expects net proceeds of approximately $1.2M, which it plans to use for general corporate purposes, including working capital. The closing of the offering is expected to take place on or about September 18, subject to customary closing conditions. Roth Capital Partners acted as the company's placement agent for the transaction. | |
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