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    Breaking News

    eMagin Corporation Announces $6.6 Million Underwritten Offering

    Priced an underwritten offering of an aggregate of 3,300,000 shares of common stock of the company

    05.23.17
    eMagin Corporation announced that it has priced an underwritten offering of an aggregate of 3,300,000 shares of common stock of the company, together with warrants to purchase up to 1,650,000 shares of common stock of the company, to a single institutional investor and to Stillwater LLC, an affiliate, at an offering price of US$2.00 per share and associated warrant. The offering is expected to close on or about May 24, 2017, subject to satisfaction of customary closing conditions.
     
    The warrants have an exercise price of US$2.45 per share of common stock and a term of five years, exercisable upon the date of issuance. The aggregate gross proceeds to the company (assuming no exercise of the warrants) are US$6.6 million, before deducting underwriting discounts and commissions and estimated offering expenses. All shares of common stock issued in connection with this offering will be listed on the NYSE-MKT and will be freely tradable on such exchange.
     
    The company intends to use the net proceeds of the offering for working capital and general corporate purposes.
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      Since 2016, Jabil has returned approximately $2 billion to shareholders through both share repurchases and dividends.
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      Will demonstrate a full color 2000x2000 pixel OLED microdisplay with maximum brightness of more than 5,000 nits.
      05.17.17

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