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|eMagin Corporation Announces US$6.6 Million Underwritten Offering|
Rodman & Renshaw, a unit of H.C. Wainwright & Co., is acting as the sole
book-running manager for this offering.
The warrants have an exercise price of
The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.
The securities described above are being offered by the Company pursuant
to a “shelf” registration statement on Form S-3 (File No. 333-196720)
previously filed with the
The offering may be made only by means of a prospectus supplement and
the accompanying prospectus. A prospectus supplement and the
accompanying prospectus related to the offering will be filed with the
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any 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.
A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. More information about eMagin is available at www.emagin.com.
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve significant risks and uncertainties about eMagin, including but
not limited to statements with respect to eMagin’s plans to consummate
its proposed underwritten offering of common stock and warrants. eMagin
may use words such as “expect,” “anticipate,” “project,” “intend,”
“plan,” “aim,” “believe,” “seek,” “ estimate,” “can,” “focus,” “will,”
and “may” and similar expressions to identify such forward-looking
statements. Among the important factors that could cause actual results
to differ materially from those indicated by such forward-looking
statements are risks relating to, among other things, whether or not
eMagin will be able to raise capital, the final terms of the
underwritten offering of common stock and warrants, market and other
conditions, the satisfaction of customary closing conditions related to
the underwritten offering of common stock and warrants, eMagin’s
business and financial condition, and the impact of general economic,
industry or political conditions in