It just never stops with Miller @ the helm !!!!!!
mageWare® Systems Announces $5.0 Million Registered Direct Offering of its Common Stock
Press Release | 04/30/2019
SAN DIEGO, April 30, 2019 (GLOBE NEWSWIRE) -- San Diego (April 30, 2019) – ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based two-factor, multi-factor, and biometric multi-modal authentication and identity management solutions today announced that it has received subscriptions from institutional investors for the sale of 4,545,455 shares of its common stock at an offering price of $1.10 per share for expected gross proceeds to ImageWare of $5.0 million. ImageWare expects to accept the subscriptions and deliver the shares of common stock on or about May 1, 2019.
ImageWare intends to use the net proceeds received from the sale of the common stock for general corporate purposes.
The shares of common stock described above are being offered by ImageWare pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”) on June 28, 2018 and declared effective on July 10, 2018 (the “Registration Statement”). The offering of the shares of common stock will be made only by means of a prospectus supplement that forms a part of the Registration Statement. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Copies of the final prospectus supplement and accompanying base prospectus may be obtained, when available, on the SEC's website at www.sec.gov, or directly from ImageWare.
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, common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
