This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Neonode Announces Pricing Of Public Offering Of Common Stock

Neonode Inc. (NEON) today announced the pricing of an underwritten public offering of 2,490,612 shares of Neonode common stock, of which 1,168,939 shares are being offered by Neonode and an aggregate of 1,321,673 shares are being offered by selling stockholders affiliated with Neonode, at a price to the public of $6.60 per share. The selling stockholders are Neonode’s executive chairman Per Bystedt, chief executive officer and director Thomas Eriksson, director Mats Dahlin, director John Reardon, and chief financial officer David Brunton. The selling stockholders have granted the underwriter a 30-day option to purchase up to an aggregate of 373,592 additional shares of common stock to cover overallotments, if any. The offering is expected to close on or about September 16, 2013, subject to the satisfaction of customary closing conditions.

Gross proceeds to the company from the offering are expected to be $7,715,000.00. The company anticipates using its net proceeds from the offering primarily for general corporate purposes, including capital expenditures and working capital. The company will not receive any proceeds from the sale of any shares by the selling stockholders.

Craig-Hallum Capital Group is acting as the sole book-running manager for the offering. GP Bullhound Ltd. is acting as a financial advisor to the Company in connection with the offering.

The securities described above are being offered pursuant to an effective shelf registration statement previously filed by Neonode with the Securities and Exchange Commission (the “SEC”). The securities may be offered only by means of a prospectus. The prospectus and a prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website located at and may also be obtained from Craig-Hallum Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, telephone 612-334-6342, email:

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Neonode

Neonode Inc. (Nasdaq: NEON) develops and licenses Multisensing touch technologies, including features such as low latency pen or brush sensing, high speed scanning, proximity-, pressure-, and depth sensing capabilities and object-size measuring. Neonode’s patented Multisensing technology is developed for a wide range of devices such as mobile phones, tablets and e-readers, toys and gaming consoles, printers, household appliances, wearable goods and advanced automotive infotainment systems. Neonode, the Neonode logo, and Multisensing are trademarks of Neonode Inc. registered in the United States and other countries.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs