Resonant Closes Additional $3 Million Public Offering of Its Common Stock

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Resonant Closes Additional $3 Million Public Offering of Its Common Stock

GOLETA, CA--(Marketwired - April 06, 2018) - Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, previously announced the closing of an underwritten public offering for 5,714,286 shares of its common stock at a per share price to the public of $3.50.

On April 4, 2018, the underwriters exercised in full their 30-day option to purchase, at the same price per share as the underwriters paid for the initial shares, an additional 857,142 shares to cover over-allotments in connection with the offering. As a result of the exercise, on April 6, 2018, the company received additional gross proceeds of $3.0 million, which increased the aggregate gross proceeds from the offering to approximately $23 million.

Needham & Company, LLC acted as the sole book-running manager of the offering. National Securities Corporation and Craig-Hallum Capital Group LLC acted as co-managers. H.C. Wainwright & Co. and Drexel Hamilton acted as financial advisors. Counsel for Resonant was Stubbs Alderton & Markiles, LLP. DLA Piper LLP (US) served as counsel for Needham & Company.

About Resonant Inc.
Resonant is creating software tools and IP & licensable blocks that enable the development of innovative filter designs and modules for the RF front-end, or RFFE, for the mobile device industry. The RFFE is the circuitry in a mobile device responsible for the radio frequency signal processing and is located between the device's antenna and its digital baseband. Filters are a critical component of the RFFE that selects the desired radio frequency signals and rejects unwanted signals and noise.

Investor Relations Contact:
Greg Falesnik
MZ North America
1-949-385-6449
[email protected]

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).