H.C. Wainwright & Co. acted as sole book-running manager for the offering. Titan Partners, a division of American Capital Partners, and A.G.P./Alliance Global Partners acted as financial advisors to the Company.
In addition, the Company granted the underwriter a 30-day option to purchase up to 428,571 additional shares of its common stock at the public offering price, less the underwriting discounts and commissions.
The gross proceeds of the offering were approximately $20 million, prior to deducting underwriting discounts and commissions and offering expenses and excluding any exercise of the option to purchase additional shares. The Company intends to use the net proceeds from the offering to acquire or invest in complementary businesses, technologies, products or assets and for working capital, capital expenditures and to optimize the Company's capital structure including potential repayment of indebtedness.
The shares of common stock described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-295335) that was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on April 28, 2026. The offering was made only by means of a prospectus. A final prospectus relating to and describing the terms of the offering has been filed with the SEC. Electronic copies of the final prospectus relating to the offering may be obtained for free by visiting the SEC's website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by phone at (212) 856-5711 or e-mail at
This press release does not constitute an offer to sell or the solicitation of an offer to buy, ...
