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8-K - CURRENT REPORT - Rekor Systems, Inc. | a8kpricingpressrelease.htm |
Exhibit
99.1
Novume Solutions, Inc. Announces Pricing of $3.3 Million Public
Offering
CHANTILLY, VA/ ACCESSWIRE / October 29, 2018 / Novume
Solutions, Inc. (NASDAQ: NVMM) (the
“Company”), a holding company that integrates
technology and human capital to solve client challenges in
today’s complex world, today announced the pricing of an
underwritten public offering of 4,125,000 shares of common stock at
a public offering price of $0.80 per share. The estimated
gross proceeds to the Company are expected to be approximately
$3,300,000 prior to
deducting underwriting discounts, commissions and other estimated
offering expenses. The Company intends to use the net
proceeds from the offering for working capital and general
corporate purposes.
The
Company has granted the underwriters a 45-day option to purchase up
to 618,750 additional shares of common stock to cover
over-allotments, if any. The offering is expected to close on
Thursday, November 1, 2018, subject to satisfaction of customary
closing conditions.
ThinkEquity, a division of Fordham Financial Management, Inc., and
The Benchmark Company, LLC are acting as joint book-running
managers for the offering.
The
underlying shares of common stock are being offered pursuant to an
effective shelf registration statement on Form S-3 (File No.
333-224423), that was previously filed with the Securities and
Exchange Commission (the “SEC”) and declared effective
on April 30, 2018. A preliminary prospectus supplement was filed
with the SEC and a final prospectus supplement and related
prospectus relating to and describing the terms of the offering
will be filed with the SEC and will be available on the SEC’s
website at www.sec.gov.
The offering is being made by means of a prospectus and related
prospectus supplement, copies of which may be obtained, when
available, by contacting ThinkEquity, 17 State Street, 22nd Floor,
New York, NY 10004, telephone (646) 968-9355, email: prospectus@think-equity.com,
or The Benchmark Company, LLC, Attn: Prospectus Department, 150 E
58th Street, 17th floor, New York, NY 10155, 212-312-6700, Email:
prospectus@benchmarkcompany.com.
This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Novume Solutions, Inc. (www.novume.com)
Novume provides products and services to both government and
private sector clients, with an emphasis on public safety, risk
management and workforce solutions. We are a holding company that
integrates technology and human capital to solve complex client
challenges in today's world. We provide Solutions for a New
Generation. For more information, please visit
novume.com, or connect with us
on
Twitter,
LinkedIn, or
Facebook.
Forward-Looking Statements
This press release includes statements concerning Novume Solutions,
Inc. and its future expectations, plans and prospects that
constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
For this purpose, any statements that are not statements of
historical fact may be deemed to be forward-looking statements. In
some cases, you can identify forward-looking statements by terms
such as "may," "should," "expects," "plans," "anticipates,"
"could," "intends," "target," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential," or "continue," by
the negative of these terms or by other similar expressions. You
are cautioned that such statements are subject to many risks and
uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including the risks that actual
circumstances, events or results may differ materially from those
projected in the forward-looking statements, particularly as a
result of various risks and other factors identified in our filings
with the Securities and Exchange Commission. All forward-looking
statements contained in this press release speak only as of the
date on which they were made and are based on management's
assumptions and estimates as of such date. We do not undertake any
obligation to publicly update any forward-looking statements,
whether as a result of the receipt of new information, the
occurrence of future events, or otherwise.
Contact:
Riaz
Latifullah
info@novume.com
Source: Novume Solutions, Inc.