eMagin Corporation, a leader in OLED technology, today announced that it has closed a transaction with an investor to raise $4.033 million through the issuance and sale of Series B Convertible Preferred Stock. The proceeds of the sale were used exclusively to fully retire the company’s $6 million outstanding 8% Senior Secured Convertible Notes that were due on December 22, 2008. As part of this transaction, the investor was issued approximately 1,875,467 warrants to purchase common stoc...