IntriCon Announces Pricing of 1,500,000 Shares of Common Stock
IntriCon Corporation (IIN)
Last intricon corporation earnings: 2/24 04:39 pm
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US:NASDAQ Investor Relations:
investorrelations.intricon.com/investor-relations
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Source: Business Wire
ARDEN HILLS, Minn.--(BUSINESS WIRE)-- IntriCon Corporation (NASDAQ: IIN), a designer, developer, manufacturer and distributor of body-worn devices, today announced that it has priced an underwritten public offering of 1,500,000 shares of its common stock at a public offering price of $55.00 per share. The offering is expected to close on August 20, 2018 subject to the satisfaction of customary closing conditions. IntriCon has granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock. Stifel is acting as sole book-running manager of the offering. B. Riley FBR and Dougherty & Company LLC are acting as co-managers of the offering. IntriCon expects net proceeds of approximately $77.3 million, after deducting underwriting discounts and estimated offering expenses (without giving effect to any exercise of the underwriters’ option to purchase additional
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