News Column

Resonant Inc. Announces Closing of Initial Public Offering

June 21, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Resonant Inc. ("Resonant" or "the Company") announced the closing of its initial public offering of 3,105,000 shares of common stock, which includes the exercise in full by the underwriter of its over-allotment option, at a price to the public of $6.00 per share. Resonant received aggregate net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $16.2 million. Resonant's common stock commenced trading on the Nasdaq Capital Market under the symbol "RESN" on May 29, 2014.

MDB Capital Group, LLC acted as the sole underwriter in connection with the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 28, 2014. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: MDB Capital Group LLC, 401 Wilshire Boulevard, Suite 1020, Santa Monica, CA 90401, or by telephone at 310-526-5000.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Keywords for this news article include: Resonant Inc, Banking and Finance.

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Source: Investment Weekly News


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