Estimated reading time: 0 minutes, 39 seconds

SWK PARENT TO RAISE $50 MILLION Featured

SilverSun Technologies, parents to reseller SWK Technologies, has filed a shelf registration with the SEC for a $50-million public offering. The offering is for a basket of securities: common stock, preferred stock, debt securities, warrants and units.

The use of proceeds given similarly covered a wide range. Under a shelf registration, the company can choose which of the securities to issue and issue them at different times, if it chooses.  SilverSun has entered a Market Issuance Sales Agreement we have entered into with H.C. Wainwright & Co. as sales agent, to sell up to $3,489,499 of its common stock, with net proceeds estimated at  $3,287,334, after deducting Wainwright’s commission and estimated offering expenses. The stock proceeds will be used for general corporate purposes.

Read 1125 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.