Digimarc Announces Registered Direct Offering of Common Stock

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[{"type":"text","content":"BEAVERTON, Ore., April 6, 2022 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC), a global leader in product digitization, today announced that it has entered into purchase agreements to sell a total of 2,250,000 common shares in a registered direct offering to certain investors at a price of $25.90 per share. The offering was made without an underwriter or placement agent.\n\n \n \n \n \n \n \n\n \nThe gross proceeds to Digimarc from the offering are expected to be approximately $58.3 million. The offering is expected to close on or about April 7, 2022. Digimarc intends to use the net proceeds from the offering for general corporate purposes.\nThe shares described above are being offered by Digimarc pursuant to a registration statement on Form S-3 previously filed with and subsequently declared effective by the Securities and Exchange Commission (\"SEC\") on July 24, 2020. The prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at sec.gov.\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Digimarc \nDigimarc is a global leader in product digitization, delivering business value across industries through unique identifiers and cloud-based solutions. A trusted partner in deterring digital counterfeiting of global currency for more than 20 years, Digimarc illuminates a product's journey to provide intelligence and promote a prosperous, safer, and more sustainable world. With Digimarc, you can finally see everything. And when you see everything, you can achieve anything. For more information, visit us at digimarc.com.\nForward-looking Statements \nWith the exception of historical and factual information contained in this release, the matters described in this release contain various \"forward-looking statements.\" These forward-looking statements include statements and any related inferences regarding expectations with respect to the registered direct offering, including the expected use of any proceeds therefro...

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