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Intellicheck Announces Proposed Public Offering of Common Stock
MELVILLE, N.Y.--(BUSINESS WIRE)-- Intellicheck, Inc. (NASDAQ: IDN) (“Intellicheck”), an industry leader in identification authentication solutions, today
About this update from Intellicheck, Inc.
[{"type":"text","content":" MELVILLE, N.Y.--(BUSINESS WIRE)--\nIntellicheck, Inc. (NASDAQ: IDN) (“Intellicheck”), an industry leader in identification authentication solutions, today announced that it has commenced an underwritten registered public offering of its common stock. In addition, Intellicheck intends to grant the underwriter for the offering a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any. All shares of common stock to be sold in the proposed offering will be offered by Intellicheck. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n\n\nIntellicheck intends to use the net proceeds from this proposed offering for general corporate purposes and working capital.\n\n\nNorthland Capital Markets is acting as the sole book-running manager for the proposed offering.\n\n\nThe proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-238680) that was previously filed with the Securities and Exchange Commission (the “SEC”) on May 22, 2020, amended on June 1, 2020 and declared effective on June 4, 2020. A preliminary prospectus supplement and accompanying prospectus related to and describing the terms of the proposed offering have been filed with the SEC and may be obtained by visiting EDGAR on the SEC's website at www.sec.gov or by contacting Northland Securities, Inc., Attention: Heidi Fletcher, 150 South Fifth Street, Suite 3300, Minneapolis, Minnesota 55402, email at [email protected] or telephone (612) 851-4918. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC.\n\n\nThis press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout Intellicheck\n\n\nIntellicheck is a trusted industry leader in technology solutions that stop identity theft and fraud with real-time identification authentication and age verificati...