Vislink Technologies Inc (VISL)

[FROZENFLAME]

Vislink Technologies, Inc. (“Vislink” or the “Company”) (NASDAQ: VISL) announced today that it has closed the previously announced public underwritten offering of securities, with gross proceeds of approximately $12 million before deducting underwriting discounts, commissions and other offering expenses payable by the Company.
A primary use of the proceeds was to pay off convertible debt incurred during 2018 while the Company went through a reorganization. Roger Branton, CEO of Vislink Technologies, said, “Our corporate reorganization started mid last year and we took on some debt to help complete that process. With our operational turnaround completed, our key financial goals for this year include improving our capital structure and our working capital position. While the convertible debt was not due until September 2019, we are pleased to pay it off early and for the Company to now be debt-free.”