FREMONT, California, September 16, 2014 — Identiv, Inc. (NASDAQ: INVE), a global security technology company that provides trust solutions for premises, information, and everyday items, announced the closing of an underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $15.00 per share. Identiv has also granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock to cover overallotments, if any.
Identiv received net proceeds of approximately $27.3 million from the sale of common stock, after deducting the underwriting discount and estimated offering expenses payable by us. Identiv intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the acquisition of, or investment in, companies, technologies, products or assets that complement Identiv’s business.
Cowen and Company, LLC acted as the underwriter for the offering.
The offering was made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC). A final prospectus supplement and accompanying prospectus describing the terms of the offering were filed with the SEC. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, or by calling +1 631-274-2806. The final prospectus supplement and accompanying prospectus also will be available on the SEC’s website at sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
SOURCE: Identiv, Inc.
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