Authentidate 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.
Authentidate to hold a conference call CEO Hersperger discusses the company's recently completed merger whereby AEON merged with a wholly-owned subsidiary of Authentidate on a conference call to be held on February 2 at 12 pm. Webcast Link