Bridgeline Digital (BLIN) has entered into definitive agreements for the purchase and sale of an aggregate of 1,000,000 shares of common stock at a price of $1.50 per share in a registered direct offering, for gross proceeds of approximately $1,500,000, before deducting the placement agent’s fees and other offering expenses payable by the Company. Additionally, the Company has entered into definitive agreements with existing investors, including officers and directors of the Company, for the purchase and sale of an aggregate of 473,979 shares of common stock at a price of $1.52 per share in a private placement, for gross proceeds to the Company of approximately $720,448, before deducting offering expenses payable by the Company. WestPark Capital is acting as the exclusive placement agent for the registered direct offering. The Company intends to use the net proceeds from the offerings for working capital and other general corporate purposes. The closing of the offerings are expected to occur on or about March 26, 2025, subject to the satisfaction of customary closing conditions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLIN:
- Bridgeline Digital says beauty supply distributor launches HawkSearch
- Do It Best selects Bridgeline’s HawkSearch for ecommerce search
- Bridgeline Digital enters partnership with Groove Commerce
- Bridgeline Digital says building materials distributor selects HawkSearch
- Bridgeline Digital announces completion of SOC 2 Type II attestation