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Financing bolsters balance sheet to support continued investment in new market opportunities
April 18, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identive Group, Inc. announced that it has entered into a $20 million common stock purchase agreement with Lincoln Park Capital Fund, LLC (LPC), a Chicago-based institutional investor. Following its execution of the agreement, LPC will purchase $2 million in common stock from Identive at a purchase price of $1.14 per share, the closing price on April 15, 2013. Over the next three years, Identive has the right to sell up to an additional $18 million of its common stock to LPC under terms set fort...
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