Identiv, Inc. announced the pricing of an underwritten public offering of 3,286,385 shares of its common stock at a price to the public of $10.65 per share.
All of the shares in the offering are being sold by Identiv.
The gross proceeds to Identiv from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $35 million.
The offering is expected to close on or about April 12, 2021, subject to customary closing conditions.
Also, Identiv has granted the underwriters a 30-day option to purchase up to an additional 492,957 shares of its common stock at the public offering price, with fewer underwriting discounts and commissions.