Flexible Electronics News

eMagin Corporation Enters Into Early Warrant Exercise Transaction

Company is looking to raise approximately $4.5 million in gross proceeds.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

On Aug. 18, 2016, eMagin Corporation entered into an early warrant exercise transaction with certain of the company’s warrant holders through a letter agreement between such warrant holders and the company to raise approximately $4.5 million in gross proceeds. A portion of the proceeds from the transaction will be utilized to fund the company’s growth initiatives with consumer AR/VR partnerships and for the company’s consumer product launch in Q4 2016.   As an incentive for the warrant holders...

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