Bridgeline Digital Announces $2.2 Million Offerings of Common Stock

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[{"type":"text","content":"WOBURN, MA / ACCESS Newswire / March 25, 2025 / Bridgeline Digital, Inc. (Nasdaq:BLIN) (the "Company"), a leader in AI-powered marketing technology, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 1,000,000 shares of common stock at a price of $1.50 per share in a registered direct offering, for gross proceeds of approximately $1,500,000, before deducting the placement agent's fees and other offering expenses payable by the Company. Additionally, the Company has entered into definitive agreements with existing investors, including officers and directors of the Company, for the purchase and sale of an aggregate of 473,979 shares of common stock at a price of $1.52 per share in a private placement, for gross proceeds to the Company of approximately $720,448, before deducting offering expenses payable by the Company.","length":899,"tagName":"p"},{"type":"text","content":"WestPark Capital, Inc. is acting as the exclusive placement agent for the registered direct offering.","length":101,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the offerings for working capital and other general corporate purposes. The closing of the offerings are expected to occur on or about March 26, 2025, subject to the satisfaction of customary closing conditions.","length":260,"tagName":"p"},{"type":"text","content":"The shares of common stock in the registered direct offering described above are being offered and sold by the Company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-285176) that was filed by the Company with the Securities and Exchange Commission (the "SEC") on February 24, 2025 and became effective on February 27, 2025. The offering of the shares in the registered direct offering is being made only by means of a base prospectus and prospectus supplement that forms a part of the effective registration statement. A final prospectus supplement and the accompanying base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying base prospectus may also be obtained, when available, from WestPark Capital, Inc., 1800 Century Park East...

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