Monaker Group (MKGI) Prices 1M Share Registered Direct Offering at $2/Sh

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Go back to Monaker Group (MKGI) Prices 1M Share Registered Direct Offering at $2/Sh

Monaker Group Announces Pricing of $2.0 Million Registered Direct Offering

July 24, 2020 8:31 AM EDT

WESTON, FL, July 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Monaker Group, Inc. (NASDAQ: MKGI) (the "Company"), a worldwide online marketplace for alternative lodging rentals (ALRs), which offers ALR products and services to property owners and managers, travelers, and other travel/lodging distributors, today announced that it has entered into a securities purchase agreement with an institutional investor for the issuance and sale of 1,000,000 shares of its common stock at a price of $2.00 per share, for aggregate gross proceeds of approximately $2.0 million, in a registered direct offering. Kingswood Capital Markets, a division... More