Flexible Electronics News

eMagin to Raise $6 Million in Equity Offering

Will be used for upgrading manufacturing equipment, balancing the production line and improving yield.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

eMagin Corporation entered into a definitive securities purchase agreement with certain investors providing for the issuance, in a registered direct offering, of approximately $6,000,000 of common stock at a price per share of $1.50 and five and one half year warrants to purchase up to 2,600,000 shares of common stock at an exercise price of $2.05.  The warrants will become exercisable six months from the date of the closing of the offering.   “It provides the capital to upgrade our manufactur...

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