Asure Software (NASDAQ: ASUR), a leading provider of cloud-based human capital management (“HCM”) software solutions, announced that it has closed an underwritten public offering; the offering comprises 2,600,000 shares of the company’s newly issued common stock. The shares were sold at the public offering price of $7.25 per share, and the public offering closed with gross proceeds of approximately $18.9 million. In addition, Asure noted that it has granted the underwriters a 30-day option to purchase up to an additional 390,000 shares of common stock at the public offering price. The company plans to use the funds from the public offering for general corporate purposes as well as possible acquisitions or investments in complementary businesses, assets or technologies. In the announcement of the closing, Asure did note that it is currently not entered into any definitive agreements or acquisition. Roth Capital Partners acted as sole book-running manager for the offering.
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About Asure Software Inc.
Asure sees human capital management (“HCM”) through the lens of entrepreneurs and executives with an owner’s mentality. The company helps more than 60,000 small and mid-sized businesses develop their “human capital” to reach the next level, stay compliant, and allocate their time, money and technology toward growth. Asure HCM solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance. Asure HRServices offerings range from online compliance tools to a fully outsourced HR department. For more information about the company, visit www.AsureSoftware.com.
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