Digimarc To Raise $58.3M Via Secondary Share Sale At Discount; Shares Pop

April 6, 2022 11:53 AM | 27 seconds read |

Product digitization firm Digimarc Corp DMRC agreed to sell 2.25 million shares at $25.90 per share in a secondary offering.
The offer price implies a 1.6% discount to Digimarc's April 5 closing of $26.32.
The gross proceeds from the offering will likely be $58.3 million.
Digimarc looks to use the offering proceeds for general corporate purposes.
The offering will likely close by April 7.
Price Action: DMRC shares traded higher by 7.94% at $28.41 on the last check Wednesday.

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