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Stock Market & Financial Investment News

News Breaks
October 7, 2011
09:30 EDTADATAuthentidate sells $4.1M of shares at 70c in registered direct offering
Authentidate announced that it has entered into definitive agreements with institutional and accredited investors for a direct placement of $4,112,500 of common stock and warrants, at a unit price of 70c per share and warrant. 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 $1.00 per share. The warrants will expire on the 4 year anniversary of the initial exercise date. C.K. Cooper and Rodman & Renshaw served as co-placement agents for this offering.
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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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