NetworkNewsBreaks – TransAct Technologies Incorporated (NASDAQ: TACT) Secures $10M Through Underwritten Public Offering

Company: TransAct Technologies Incorporated (TACT)
Category: News

TransAct Technologies (NASDAQ: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, has closed an underwritten public offering of 1,380,000 newly issued shares of its common stock, including 180,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, TransAct Technologies secured approximately $10 million in gross proceeds, with each of the shares sold at the public offering price of $7.10. TransAct intends to use the proceeds for working capital and general corporate purposes, which may include funding further development of its food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of its growth strategy. ROTH Capital Partners acted as sole book-running manager for the offering.

To view the full press release, visit https://nnw.fm/ndU3u

About TransAct Technologies Incorporated

TransAct Technologies is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!(TM), AccuDate(TM), EPICENTRAL(R), Epic(R), Ithaca(R) and Printrex(R) brands. TransAct has sold over 3.4 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the company also provides customers with a complete range of supplies and consumable items both online at www.TransActSupplies.com and through its direct sales team. TransAct is headquartered in Hamden, Connecticut. For more information, please visit www.TransAct-Tech.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

For more information please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217