Inuvo Inc (INUV)

[GREGG THE GREEK]

LITTLE ROCK, Ark. , Jan. 20, 2021 (GLOBE NEWSWIRE) -- Inuvo , Inc.(NYSE American: INUV),a leading provider of marketing technology, powered by artificial intelligence that serves brands and agencies, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,681,817 shares of its common stock, par value $0.001 per share, at a price of $1.10 per share, pursuant to a registered direct offering. The gross proceeds of the offering are expected to be $6.25 million before deducting fees and other estimated offering expenses. The closing of the registered direct offering is expected to take place on or about January 22, 2021 , subject to the satisfaction of customary closing conditions.


INUV