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Data Storage Device Companies
DATARAM to Raise $3.3 Million in Registered Direct Offering
May 29th, 2011
Dataram Corporation (NASDAQ: DRAM) announced that it has entered into a definitive agreement to sell $3.3 million of its common stock and warrants to institutional investors in a registered direct offering. Under the terms of the purchase agreement, Dataram will sell 1,775,000 shares of its common stock at $1.88 per share, and warrants to purchase up to an aggregate of 1,331,250 shares of common stock at an exercise price of $2.26 per share. The warrants will be exercisable beginning six months from closing date of the offering and will expire five years from the date they first become exercisable. Dataram will receive approximately $3.0 million in net proceeds from the...
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Source: Investment Business Weekly (2011-05-29)
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