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Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a leading developer of trusted computing solutions and services, announced that it is selling to investors 1,880,500 shares of its Class A common stock at a price of $0.85 per share, yielding gross proceeds of approximately $1.6 million.
Investors in the offering will also receive three-year warrants to purchase an aggregate of 470,125 shares of Wave’s Class A Common Stock for $0.90 per share.
The net proceeds of the financing, approximately $1.5 million, will be used to fund Wave’s ongoing operations.
Security Research Associates acted as placement agent in connection with the offering.
The shares and shares underlying warrants in this offering are being issued under a $25 million shelf registration statement declared effective by the Securities and Exchange Commission on April 27, 2007. A prospectus supplement related to the public offering will be filed with the Securities and Exchange Commission.
LEE, Mass.- May 23, 2008
Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a leading developer of trusted computing solutions and services, announced that it is selling to investors 2,151,250 shares of its Class A common stock at a price of $0.80 per share, yielding gross proceeds of approximately $1.7 million. Investors will also receive three-year warrants to purchase an aggregate of 537,812 shares of Wave’s Class A Common Stock for $0.85 per share.
The net proceeds of the financing, approximately $1.6 million, will be used to fund Wave’s ongoing operations.
Security Research Associates acted as placement agent in connection with the offering.
ALBUQUERQUE, NM - April 15, 2008
Novint Technologies, Inc. (NASDAQ: NVNT - www.novint.com), the pioneer of 3D touch for consumer computing, closed its bridge note financing, whereby Novint entered into subscription agreements with 39 accredited investors for the sale of $3,750,000 of its 7% unsecured convertible notes and warrants - for an aggregate purchase price of $3,750,000.
The net proceeds received by the company from the sale of these securities will be used for working capital and general corporate purposes.
LEE, MA - MARCH 3, 2008
Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a leading developer of trusted computing solutions and services, announced that it has agreed to sell 3,173,500 shares of its Class A common stock at a price of $1.10 per share, yielding gross proceeds of approximately $3.5 million. Investors in the private placement will also receive five-year warrants to purchase an aggregate of 952,050 shares of Wave’s Class A Common Stock for $1.15 per share. The net proceeds of the financing, approximately $3.3 million, will be used to fund Wave’s ongoing operations.
LOS ANGELES, CA - NOVEMBER 7, 2007
uWink, Inc. (OTCBB: UWKI - www.uwink.com), a developer of digital media entertainment software and an interactive restaurant concept, announced today that it has completed a $10.4 million registered equity financing. The proceeds of the raise will be used to fund new restaurant development and general working capital needs.
WALL, NJ - OCTOBER 12, 2007
Velocity Asset Management, Inc. (AMEX: JVI - www.velocitycollect.com), which purchases delinquent consumer receivables and uses an outsourced litigation model to collect them, announced today it has completed the second and final tranche of its private placement.
In aggregate, the private placement totaled 862,500 restricted shares of Common Stock at a price of $2.00 per share, yielding net proceeds of approximately $1,596,500, including $375,000 from the second tranche.
ALBUQUERQUE, NM - JULY 18, 2007
Novint Technologies, Inc. (NVNT), (www.novint.com), the pioneer of 3D touch for consumer computing, announces the acquisition of Tournabout Incorporated, which develops and markets video game contest and community infrastructure software.
The acquisition will add significant new features to Novint's products and website. The integration of Tournabout's applications enables Novint's customers to develop online personas, participate in community message boards and chat rooms, post high scores, and join multiplayer games and online tournaments.
WOBURN, MA - JUNE 29, 2007
Bridgeline Software, Inc. (www.bridge-line.com), a developer of Internet Content Management, Commerce and eMarketing solutions and services, announced a $15 Million Initial Public Offering. Security Research Associates acted as Co-Manager.
LEE, MA - MAY 25, 2007
Wave Systems Corp. (NASDAQ:WAVX - www.wave.com), a developer of trusted computing solutions and services, announced the following via an 8-K filing, detailing a Common Stock Shelf Offering valued at $15 Million. Security Research Associates acted as Sole Placement Agent.
MARIETTA, GA - MARCH 2, 2007
Information Intellect, Inc. andShea Development Corp. announce merger and completion of a $2.8 Million Series A Convertible Preferred Stock offering.
Security Research Associates acted as Placement Agent.
LOS ANGELES, CA - APRIL 2, 2007
uWink, Inc. (OTC BB: UWNK - News), a publicly-held digital entertainment company, today released the following announcement:
On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. The notes have a six month term, accrue interest at 10% and are secured by the assets of the Company.
The notes are convertible, at the option of the holder, into the same securities issued by the Company in (and on the same terms and conditions pari passu with the investors in) any offering of its securities that results in gross proceeds to the Company of at least $3,000,000.
ALBUQUERQUE, NM - MARCH 6, 2007
Novint Technologies (OTCBB:NVNT - News), which develops, markets, and licenses technology that adds realistic virtual touch to computing, announced today that it has completed a $9 million capital raise led by institutional investors. Proceeds will be used to take Novint's products to market.
SAN JOSE, CA - DECEMBER. 20, 2006
LogicVision, Inc. (Nasdaq: LGVN - www.logicvision.com), a leading provider of silicon test and yield learning solutions, today announced that it has completed a private placement of approximately 4,000,000 shares of its common stock, resulting in gross proceeds to the company of approximately $3.2 million.
DETROIT, MI - DECEMBER 14, 2006
United American Healthcare Corporation (Nasdaq: UAHC - www.uahc.com), a pioneer in healthcare services for Medicaid recipients, today announced that it has raised gross proceeds of $6.50 million through the sale of 1,000,000 newly issued shares of its common stock to certain institutional and other accredited investors at a price of $6.50 per share. The investors also received warrants to purchase 100,000 shares of the Company's common stock at an exercise price of $8.50 per share and expiring in December 2011.
LEE, MA - OCTOBER 31, 2006
Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a developer of trusted computing solutions and services, announced that on Monday, October 30, 2006, it agreed to sell 3,517,230 shares of its Class A common stock at a price of $2.73 per share - the closing price on Friday, October 27th, - for gross proceeds of $9,602,038. The net proceeds of the financing, approximately $9.1 million, will be used to fund Wave's ongoing operations.
LEE, MA - AUGUST 7, 2006
Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a developer of trusted computing solutions and services, announced that on Friday, August 4, 2006, it agreed to sell 2,336,752 shares of its Class A common stock at a price of $2.05 per share for gross proceeds of $4,790,342. The net proceeds of the financing - approximately $4.5 million - will be used to fund Wave's ongoing operations.
LEE, MA - MAY 4, 2006
Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a developer of trusted computing solutions and services, announced that it has agreed to sell 6,037,500 shares of its Class A common stock at a price of $0.80 per share for gross proceeds of $4,830,000.
PLANO, TX - APRIL 28, 2005
Energy & Engine Technology Corp. (NASDAQ: EENT- www.eent.net) announced their $2,000,000 finance package.
BERKELEY, CA - FEBRUARY 1, 2005
XOMA Ltd. prices private offering of Convertible Senior Notes.
Security Research Associates, Inc. acted as a consultant to the company.
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