BERKELEY HEIGHTS, N.J., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Authentidate Holding Corp. (Nasdaq:ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it has entered into definitive purchase agreements with certain accredited and/or institutional investors to purchase an aggregate of $2,465,000 of the company's common stock and warrants in a private placement. Closing of the transaction is expected to occur by November 13, 2013, subject to the satisfaction of customary conditions. The company expects to receive $2.4 million in net proceeds from the offering and intends to use the net proceeds for general corporate purposes and working capital to support the company's anticipated growth.
Authentidate Holding Corp. Announces $2.46 Million Private Placement In Support Of Anticipated Growth Opportunities
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