04.05.19
eMagin Corporation, a leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, announced that it has agreed to sell 4 million shares of its common stock to an institutional investor at a purchase price per share of $0.50 in a registered direct offering.
The gross proceeds to the company are expected to be approximately $2 million before deducting placement agent fees and other offering expenses. The company intends to use the net proceeds for working capital and other general corporate purposes.
The gross proceeds to the company are expected to be approximately $2 million before deducting placement agent fees and other offering expenses. The company intends to use the net proceeds for working capital and other general corporate purposes.