Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering
Presto Automation, Inc. (PRST)
Company Research
Source: GlobeNewswire
SAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (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 for the offering. The gross proceeds to Presto from this offering are expected to be approximately $2.1 million, before deducting Chardan and Spartan’s fees and other offering expenses payable by Presto. Presto intends to use the net proceeds from this offering for working capital and general corporate purposes. The offering is being made pursuant to a shelf registr
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- Presto Automation cancels Fiscal Second Quarter 2024 earnings call [Yahoo! Finance]Yahoo! Finance
- Presto Automation cancels Fiscal Second Quarter 2024 earnings callGlobeNewswire
PRST
Sec Filings
- 4/15/24 - Form 424B3
- 4/15/24 - Form EFFECT
- 4/10/24 - Form S-3/A
- PRST's page on the SEC website