JanOne announces closing of registered direct offering of common stock

JanOne announced the closing of its previously announced registered direct offering of 361,000 shares of the company’s common stock at a purchase price of $1.17 per share of common stock priced at-the-market under Nasdaq rules. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the company from the offering were approximately $422,000, before deducting the placement agent’s fees and other offering expenses payable by the company. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.