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- Sonic Foundry, Inc.
has closed a public offering of three million shares of common stock in which it raised $11.25 million for general corporate purposes.
The company announced on Dec. 21 the offering of common stock at $3.75 per share, marketed to institutional investors following a shelf-registration statement previously filed with the Securities and Exchange Commission
Sonic Foundry, which develops a rich-media product called MediaSite, will use the proceeds of this and possible future stock offerings to support research and development, capital spending, and intellectual property protection. Robert W. Baird & Co.
acted as sole underwriter for the recent offering.
For more details about Sonic Foundry's latest share price information, click on NASDAQ:SOFO
Sonic Foundry explores capital options
Sonic Foundry reports first cash-positive quarter
Visions: Rimas Buinevicius, CEO of Sonic Foundry