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Nxt-ID announces plans to price public offering of stock and warrants
Funds used for general corporate purposes, including working capital
By Devika Patel
Knoxville, Tenn., Aug. 5 – Nxt-ID, Inc. plans to price a public offering of its common stock and warrants with a 45-day greenshoe option, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The warrants will be exercisable at 120% of the price per share.
Northland Capital Markets and the Benchmark Co. are the joint bookrunners.
Proceeds will be used for general corporate purposes, including working capital, product development and marketing activities.
The Shelton, Conn., company offers security solutions for mobile devices.
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