Copsync Warrants (COYNW)

[IPO$]

COPsync, Inc. (NASDAQ:COYN), which operates the nation's only law enforcement in-car information sharing and communication network and the COPsync911 threat alert service for schools, government buildings, hospitals and other potentially at-risk facilities, announced the closing of an underwritten offering of 3,028,572 shares of common stock and warrants to purchase up to an aggregate of 3,028,572 shares of common stock, at an offering price of $3.49 per share and $0.01 per warrant. The warrants have a per share exercise price of $3.125, are exercisable immediately, and expire five years from the date of issuance. The gross proceeds to COPsync from this offering are approximately $10.6 million before deducting the underwriting discount and other offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an aggregate of 454,286 shares of common stock and/or up to 454,286 additional warrants to cover over-allotments, if any.

Maxim Group LLC and Aegis Capital Corp. acted as the Joint Book-Running Managers for the transaction.

The Company intends to use the net proceeds from the offering to fund working capital, expansion of sales and marketing and continued product development and network enhancement.