Flexible Electronics News

Identive Group Announces New Funding from Private Placement

Anticipated gross proceeds will be approximately $7.1 million before offering expenses

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identive Group, Inc. has entered into subscription agreements for the private placement of up to 8,348,471 shares of its common stock and 8,348,471 warrants to purchase shares of its common stock to accredited and other qualified investors in the United States and internationally. The anticipated gross proceeds will be approximately $7.1 million before offering expenses and transaction costs of approximately 10%, with investors paying $0.85 for one share and one warrant. The warrants have a ...

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