Inuvo (INUV) Prices 12.22M Share Common Offering at $0.45/Sh

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Go back to Inuvo (INUV) Prices 12.22M Share Common Offering at $0.45/Sh

Inuvo, Inc. Prices $5.5 Million Common Stock Offering

June 4, 2020 8:48 AM EDT

LITTLE ROCK, Ark., June 04, 2020 (GLOBE NEWSWIRE) -- INUVO, INC. (NYSE AMERICAN: INUV) (Inuvo or the Company), a leading provider of marketing technology, powered by IntentKeyTM artificial intelligence that serves brands and agencies, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 12,222,222 shares of common stock, par value $0.001 per share, at an offering price of $0.45 per share, pursuant to a registered direct offering. The gross proceeds of the offering are expected to be $5.5 million before deducting fees and other estimated offering... More