Asure Software, Inc. Announces Closing of Public Offering of Common Stock

Asure Software (NASDAQ:ASUR) has announced the closing of its previously announced underwritten public offering.
As quoted in the press release:

In connection with the public offering, Asure issued 2,185,000 newly issued shares of common stock at the public offering price of $13.50 per share, including 285,000 shares of common stock pursuant to the exercise of the underwriters’ over-allotment option. Net proceeds to Asure, after deducting the underwriting discounts and commissions and other estimated offering expenses payable by Asure, were approximately $27.5 million.

Asure intends to use the net proceeds received from the sale of the common stock for general corporate purposes. We may also use a portion of the net proceeds to acquire or invest in complementary businesses, assets or technologies, although Asure has not entered into any definitive agreement with respect to any specific acquisition at this time.

Roth Capital Partners acted as the sole book-running manager for the offering. Barrington Research, Lake Street Capital Markets, Northland Capital Markets and Wunderlich acted as co-managers for the offering.

A shelf registration statement relating to the shares of common stock has been previously filed with and subsequently declared effective by the Securities and Exchange Commission. The offering will be made only by means of the written prospectus and prospectus supplement that form a part of the registration statement.  Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, California 92660, Attn: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com. The final prospectus supplement and the accompanying prospectus are also available on the SEC’s website at https://www.sec.gov.

Click here to read the full press release.