WOODBURY, N.Y., Sept. 17, 2010 (GLOBE NEWSWIRE) -- A group of accredited investors has invested $2.5 million in Research Frontiers Inc. (Nasdaq:REFR), the developer and licensor of patented SPD-Smart™ light-control film technology. The investors received 641,026 shares of Research Frontiers common stock at a price of $3.90 per share, which was the average market price of Research Frontiers stock on September 15, 2010, the day the transaction was priced. In addition, the investors in this stock offering received 128,205 five-year warrants to purchase Research Frontiers common stock at a price of $6.25 per share. These securities were sold pursuant to Research Frontiers' effective shelf-registration statement filed with the SEC.
Smart Glass Company Research Frontiers Raises $2.5 Million In New Capital For Expansion
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