Finjan Holdings Inc (FNJN)

[UglyAmerican]

June 27, 2017 08:44 ET

Finjan Announces Pricing of Public Offering of Common Shares
EAST PALO ALTO, CA--(Marketwired - Jun 27, 2017) - Finjan Holdings, Inc. (NASDAQ: FNJN) (the "Company"), a cybersecurity company, today announced that it has priced its underwritten registered public offering of 3.6 million shares of its common stock at $3.15 per share for gross proceeds of $11.34 million. All shares offered are to be sold by the Company with B. Riley & Co., LLC acting as the sole bookrunner in the offering.
The Company has also granted the underwriter a 30-day option to purchase 540,000 additional shares of common stock. The Company expects to use the net proceeds of this offering for general corporate purposes.
The offering is expected to close on June 30, 2017, subject to customary closing conditions.