Neonode announces 1.98M-share stock offering, shares -7.3% AH


Neonode (NEON) is issuing 1M new shares, and selling the rest on behalf of execs and directors, including chairman Per Bystedt, CEO Thomas Eriksson, and CFO David Brunton. (PR)

The touch gesture tech developer says it will use the proceeds from the newly-issued shares for "general corporate purposes, including capital expenditures and working capital."

News of the offering comes with shares having closed trading today up 44% YTD.

Comments (1)
  • Rxgasman1
    , contributor
    Comment (1) | Send Message
     
    So much for the recent conference call when they said we see no need to raise capital.
    10 Sep 2013, 08:57 PM Reply Like
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