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Proceeds will be used to fund future acquisition and growth activity and for general corporate purposes
November 14, 2010
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identive Group, Inc., a provider of products, services and solutions for the security, identification and RFID industries, announced that it has entered into subscription agreements for the private placement of up to 4,097,624 shares of its common stock to accredited and other qualified investors in the U.S. and internationally. The anticipated gross proceeds will be approximately $10.35 million, or $2.525 per share, a premium of $0.125 over the NASDAQ closing price of the company’s shares on N...
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