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FUND RAISING
Database Reference: F231109-298
Business: interCLICK
Web: http://www.interclick.com
Location: USA, New York, NY
Region: North America
Business description: Ad network in data and inventory transparency
Category: Advertising
Contact 1: Roger Clark, CFO
Amount raised: Sells 2,875,000 shares of common stock at a price of $4.50 per share in a registered direct offering. Net proceeds to the company after deducting placement agent fees will be approximately $12.0 million.
Participants:
Details: Publicly traded interCLICK has raised $12 million through the sale of common stock to a select group of institutional investors.
Concurrent with interCLICK’s primary offering, certain members of interCLICK’s Board of Directors will sell a total of 1,150,000 registered shares of common stock at $4.50 per share. Total gross proceeds of the offering will be approximately $18.1 million.
The Company intends to use the $12 million raised for general corporate purposes and working capital requirements. The offering is expected to close on December 21, 2009, and is subject to the satisfaction or waiver of customary closing conditions.
Link: Press Release
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