RMG Networks Holding Corporation (NASDAQ: RMGN) announced today that it has priced an underwritten public offering of 5,000,000 shares of its common stock, at a public offering price of $8.00 per share.
The company has granted the underwriters a 45-day option to purchase up to an additional 750,000 shares of common stock. The offering is expected to close on or about August 2, 2013, subject to satisfaction of customary closing conditions. The company intends to use the proceeds of the offering to pay down debt and for general corporate purposes, including the funding of the company’s growth initiatives.
Roth Capital Partners is acting as sole book-running manager and Northland Capital Markets is acting as co-manager in the offering.
A registration statement on Form S-1 relating to this offering was declared effective by the Securities and Exchange Commission on July 29, 2013.