BEAVERTON, Ore., June 26, 2017 /PRNewswire/ -- Digimarc
Corporation (NASDAQ: DMRC), the inventor of the Digimarc
Discover® platform featuring the Digimarc Barcode
for automatically identifying and interacting with virtually any
media, today announced that it has entered into a purchase
agreement to sell 500,000 common shares in a registered direct
offering to a certain investor at a price of $35.55 per share. The offering was made without
an underwriter or placement agent.
The gross proceeds to Digimarc from the offering are expected to
be approximately $17.8 million. The
offering is expected to close on or about June 28, 2017. Digimarc Corporation intends to
use the net proceeds from the offering for working capital and
other general corporate purposes.
The shares described above are being offered by Digimarc
Corporation pursuant to a registration statement on Form S-3
previously filed with and subsequently declared effective by the
Securities and Exchange Commission ("SEC") on June 9, 2017. The prospectus supplement and
accompanying base prospectus relating to the offering will be filed
with the SEC and will be available on the SEC's website
at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Digimarc
Digimarc Corporation (NASDAQ: DMRC) is a pioneer in the
automatic identification of everyday objects such as product
packaging and virtually any media, including print, images and
audio. Based on the patented Intuitive Computing Platform (ICP™),
Digimarc provides innovative and comprehensive automatic
recognition technologies to simplify search, and transform
information discovery through unparalleled reliability, efficiency
and security. Digimarc has a global patent portfolio, which
includes approximately 1,100 U.S. and foreign patents and pending
patent applications. These innovations include state-of-the-art
identification technology, Digimarc Barcode, as well as Digimarc
Discover® software for barcode scanning, image recognition, and
more. Digimarc is based in Beaverton,
Oregon, with technologies deployed by major retailers and
consumer brands, global banks, U.S. states, film companies and
professional sports franchises, among others. Visit digimarc.com
and follow us @digimarc to learn more about The Barcode of
Everything™.
Forward-looking Statements
With the exception of historical and factual information
contained in this release, the matters described in this release
contain various "forward-looking statements." These forward-looking
statements include statements and any related inferences regarding
expectations with respect to the registered direct offering,
including the expected use of any proceeds therefrom, and other
statements identified by terminology such as "will," "should,"
"expects," "estimates," "predicts" and "continue" or other
derivations of these or other comparable terms. These
forward-looking statements are statements of management's opinion
and are subject to various assumptions, risks, uncertainties and
changes in circumstances. Actual results may vary materially from
those expressed or implied from the statements in this release as a
result of changes in economic, business and/or regulatory factors.
More detailed information about risk factors that may affect actual
results are set forth in the company's Form 10-K for the year ended
December 31, 2016 and in subsequent periodic reports filed
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which reflect management's
opinions only as of the date of this release. Except as required by
law, Digimarc undertakes no obligation to publicly update or revise
any forward-looking statements to reflect events or circumstances
that may arise after the date of this release.
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SOURCE Digimarc Corporation