TransAct Technologies (NASDAQ: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, has closed an underwritten public offering of 1,380,000 newly issued shares of its common stock, including 180,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, TransAct Technologies secured approximately $10 million in gross proceeds, with each of the shares sold at the public offering price of $7.10. TransAct intends to use the proceeds for working capital and general corporate purposes, which may include funding further development of its food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of its growth strategy. ROTH Capital Partners acted as sole book-running manager for the offering.
To view the full press release, visit https://ibn.fm/Hn6ez
About TransAct Technologies Incorporated
TransAct Technologies is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!(TM), AccuDate(TM), EPICENTRAL(R), Epic(R), Ithaca(R) and Printrex(R) brands. TransAct has sold over 3.4 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the company also provides customers with a complete range of supplies and consumable items both online at www.TransActSupplies.com and through its direct sales team. TransAct is headquartered in Hamden, Connecticut. For more information, please visit www.TransAct-Tech.com.
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.investorwire.com
InvestorWire is part of the InvestorBrandNetwork.