NTN Buzztime, Inc. (NYSE MKT: NTN) announced this week, the closing of its previously announced underwritten public offering of 11,100,000 shares of its common stock.
The shares were sold at the public offering price of $0.55 per share for gross proceeds of approximately $6.1 million. The company received net proceeds of approximately $5.5 million from the offering after deducting underwriting discounts and estimated expenses relating to the offering.
Roth Capital Partners acted as the sole book-running manager for the offering.
NTN Buzztime, Inc. (NYSE MKT: NTN) is a leading bar and restaurant entertainment and marketing services platform. With over 4 million player registrations on the Buzztime platform and over 50 million games played each year, Buzztime players spread the word and invite friends and family to their favorite Buzztime location to enjoy an evening of fun and competition. With Buzztime entertainment and marketing solutions, bars and restaurants can turn casual visitors into regulars, and give guests a reason to stay longer.