The amount raised is prior to deducting underwriting discounts and commissions and offering expenses payable by the company, Seattle-based HQ said Tuesday.
HQ granted the option to the underwriter in connection with its previously announced public offering of 1.2 million shares at a public offering price of $8.50 (€6) per share, which it closed on June 17, raising $10.4 million (€7.4 million) in gross proceeds.
The company said it expects to use all offering proceeds for general corporate purposes, including investments in long-term assets to complete its integration objectives.
Roth
