Iteris Announces Closing of Follow-on Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Iteris, Inc. (ITI)
NASDAQ:AMEX Investor Relations:
iterisinc.gcs-web.com/investor-relations
Company Research
Source: Business Wire
SANTA ANA, Calif.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced the closing of an underwritten public offering of $28.75 million of shares of its common stock at a public offering price of $4.65 per share, which included the exercise in full by the underwriters of their option to purchase additional shares of common stock on the same terms and conditions. Iteris received all of the proceeds from the offering less underwriting discounts and commissions, and other offering expenses payable by the Company. Iteris intends to use the net proceeds from the offering to fund the cash purchase price of a planned acquisition and for general corporate purposes, including possible additional future acquisitions. B. Riley FBR, Inc. acted as sole bookrunner for the offering. Northland Securities, Inc. acted as le
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ITI
News
- Iteris Announces Schedule of Investor Conferences for May 2024 [Yahoo! Finance]Yahoo! Finance
- Iteris Announces Schedule of Investor Conferences for May 2024Business Wire
- Iteris, Inc. (NASDAQ: ITI) is now covered by analysts at Maxim Group. They set a "buy" rating and a $11.00 price target on the stock.MarketBeat
- Carson City Upgrades Intersection Infrastructure with Iteris' AI-Powered Hybrid Sensors [Yahoo! Finance]Yahoo! Finance
- Carson City Upgrades Intersection Infrastructure with Iteris’ AI-Powered Hybrid SensorsBusiness Wire
ITI
Earnings
- 2/8/24 - In-Line
ITI
Sec Filings
- 4/25/24 - Form 4/A
- 4/25/24 - Form 4
- 3/4/24 - Form 4
- ITI's page on the SEC website