SANTA CLARA, Calif.,
Feb. 21, 2017 /PRNewswire/
-- UniPixel, Inc. (NASDAQ: UNXL), today announced
that it closed a public offering of 10,530,000 units, comprised of
common shares and warrants. Each unit consists of one share of
UniPixel common stock, par value $0.001 per share ("Common Stock"), priced at
$0.95 per share, and warrants to
purchase 0.45 shares of Common Stock at an exercise price of
$1.00 per share, exercisable for a
period of five years from the date of the closing of the
Offering.
Roth Capital Partners acted as lead placement agent in the
Offering, with Ladenburg Thalmann & Co. Inc. and The Benchmark
Company serving as co-placement agents.
The Offering was conducted pursuant to a prospectus supplement
and an accompanying prospectus filed as part of an effective shelf
registration statement (File No. 333-200316) declared effective by
the U.S. Securities and Exchange Commission ("SEC") on July 10, 2015. Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
the offering are available free of charge on the SEC's website
at www.sec.gov. Electronic copies of the preliminary
prospectus supplement and the accompanying prospectus may also be
obtained from the offices of Roth Capital Partners, 888 San
Clemente, Suite 400, Newport Beach,
CA 92660, (800) 678-9147, or by accessing the SEC's website,
www.sec.gov
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
About UniPixel
UniPixel, Inc. (NASDAQ: UNXL) develops
and markets high performance metal mesh capacitive touch
sensors to the touchscreen and flexible display markets. The
Company's roll-to-roll electronics manufacturing process patterns
fine line conductive elements on thin films. The company markets
its technologies for touch panel sensor, cover glass replacement,
and protective cover film applications under the XTouch™ and
Diamond Guard™ brands. For additional information, visit
www.unipixel.com.
Forward-looking Statements
All statements in
this news release that are not based on historical fact are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including the
statement regarding the completion of the offering. Such statements
contain words such as "will," and "expect," or the negative thereof
or comparable terminology. These statements are based on
management's current expectations. These forward-looking statements
rely on a number of assumptions concerning future events and are
subject to a number of risks, uncertainties, and other factors,
many of which are outside of our control, that could cause actual
results to materially differ from such statements. These risks,
uncertainties, and other factors include, but are not limited to,
the satisfaction of the conditions of the closing of the offering,
market conditions and other risks related to UniPixel's business
and operations as are discussed under Item 1A "Risk Factors" in our
Annual Report on Form 10-K for the year ended December 31, 2015 and other current and periodic
reports filed or furnished from time to time with the SEC. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to UniPixel as of the
date hereof, and UniPixel assumes no obligation to update any
forward-looking statement.
Contact:
Joe Diaz,
Robert Blum, Joe Dorame
Lytham Partners, LLC
602-889-9700
unxl@lythampartners.com
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SOURCE UniPixel, Inc.
