Sajan intends to sell 700,000 common shares through public offering

Dougherty raises funds for general corporate purposes, working capital

By Devika Patel

Knoxville, Tenn., Aug. 26 – Sajan, Inc. will sell 700,000 common shares in its public sale with a 45-day greenshoe of 105,000 additional shares, according to an S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced Aug. 1.

Dougherty & Co. is the bookrunner.

Proceeds will be used for general corporate purposes, which may include software development and ongoing sales and marketing activities, working capital and possible acquisitions.

The provider of global language services and translation management system technologies is based in River Falls, Wisc.

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