Presto (PRST) Prices 8.53M Share Offering at $0.25/sh
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Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering
February 29, 2024 9:42 AM ESTSAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (Presto or the Company)Â (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, announced today that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 8,533,000 shares of common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.
Chardan and Spartan are acting as joint placement agents... More
