VISLINK TECHNOLOGIES, INC. ANNOUNCES CLOSING OF $50 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULE...
February 09 2021 - 5:08PM
Vislink Technologies, Inc. (NASDAQ: VISL) ("Vislink", "VISL" or
"the Company"), the global technology leader in collection,
delivery and management of high quality, live video and associated
data, today announced that it has closed its previously disclosed
offering for the purchase and sale of 18,181,820 shares of its
common stock and common stock warrants to purchase up to 9,090,910
shares of common stock at a combined purchase price of $2.75 per
share in a registered direct offering.
A.G.P./Alliance Global Partners acted as sole
placement agent for the offering.
This offering was made pursuant to an effective
shelf registration statement on Form S-3 (File No. 333-238013)
previously filed with the U.S. Securities and Exchange Commission
(the “SEC”) and declared effective on May 13, 2020. A prospectus
supplement describing the terms of the offering was filed with the
SEC and is on the SEC’s website located at http://www.sec.gov.
Electronic copies of the prospectus supplement may be obtained from
A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor,
New York, NY 10022, or by telephone at (212) 624-2060, or by email
at prospectus@allianceg.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy 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 Vislink
Vislink is a global technology business
specializing in the collection, delivery, and management of high
quality, live video and associated data from the scene of the
action to the viewing screen. For the broadcast markets, Vislink
provides solutions for the collection of live news, sports, and
entertainment events. Vislink also furnishes the surveillance and
defense markets with real-time video intelligence solutions using a
variety of tailored transmission products. The Vislink team also
provides professional and technical services utilizing a staff of
technology experts with decades of applied knowledge and real-world
experience to the areas of terrestrial microwave, satellite, fiber
optic, surveillance, and wireless communications systems, to
deliver a broad spectrum of customer solutions. Vislink’s shares of
Common Stock are publicly traded on the Nasdaq Capital Market under
the ticker symbol “VISL.” For more information,
visit www.vislink.com.
Investor Relations: Phil Carlson KCSA Strategic
Communications Vislink@kcsa.com
Media Contacts: Anthony Feldman / Jenny Robles
KCSA Strategic Communications Vislink@kcsa.com
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