Remark Media Announces $3.4 Million Registered Direct Offering

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Go back to Remark Media Announces $3.4 Million Registered Direct Offering

Remark Media (MARK) Announces 850k Direct Placement at $4/Share

March 30, 2015 8:50 AM EDT

Remark Media (NASDAQ: MARK) has entered into subscription agreements with various investors for the sale of its common stock in a registered direct offering. The Company is selling 850,000 shares of its common stock at a price of $4.00 per share, for gross proceeds of $3.4 million.

"We are pleased to announce our capital raise from new and old strategic investors like Gordon Crawford and Ashford Capital Management that share in our vision in building a public company... More