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Iteris prices stock offering

Jun. 14, 2019 8:57 AM ETIteris, Inc. (ITI) StockBy: Gaurav Batavia, SA News Editor
  • Iteris (NASDAQ:ITI) has priced public offering of 5.38M common shares at $4.65/share, for gross proceeds of $25M.
  • Underwriters over-allotment is an additional 0.806M common stock.
  • Closing date is June 18.
  • Net proceeds of $23.1M will be used to fund the cash purchase price of a planned acquisition and for general corporate purposes, including possible additional future acquisitions.
  • ITI -4.1% premarket to $4.88
  • Source: Press Release

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