Finjan Announces Pricing of Public Offering of Common Shares

Finjan Holdings (NASDAQ:FNJN) has announced that is has priced its underwritten registered public offering of 3.6 million shares of its stock at $3.15 each for gross proceeds of $11.34 million.
As quoted in the press release:

All shares offered are to be sold by the Company with B. Riley & Co., LLC acting as the sole bookrunner in the offering.
The Company has also granted the underwriter a 30-day option to purchase 540,000 additional shares of common stock. The Company expects to use the net proceeds of this offering for general corporate purposes.
The offering is expected to close on June 30, 2017, subject to customary closing conditions.
The shares of common stock described above are being offered by the Company pursuant to a registration statement (File No. 333-197378) filed by the Company with the Securities and Exchange Commission (“SEC”), which has been declared effective. A copy of the preliminary prospectus supplement and accompanying base prospectus related to the offering has been filed with the SEC and is available on the SEC’s website located at https://www.sec.gov. Copies of the preliminary prospectus supplement and the final prospectus supplement, when available, may be obtained from B. Riley & Co., LLC, 11100 Santa Monica Blvd., Suite 800 Los Angeles California 90025, by telephone at (888) 295-0155, or by email at capitalmarkets@brileyco.com.
Before investing, interested parties should read the preliminary prospectus supplement and accompanying base prospectus in the registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the common stock, nor shall there be any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would not be permitted.

Click here to read the full press release.