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Vislink Technologies Prices $4M Public Offering

Vislink Technologies, Inc., has announced the pricing of an underwritten public offering with expected total gross proceeds of approximately $4 million, before deducting underwriting discounts, commissions and other offering expenses.

The securities offered by Vislink Technologies consist of the following: (a) 3,201,200 shares of common stock, together with 3,201,200 warrants to purchase 2,400,900 shares of common stock, and (b) 11,893,100 pre-funded warrants, with each pre-funded warrant exercisable for one share of common stock, together with 11,893,100 common warrants to purchase 8,919,825 shares of common stock. The shares of common stock and accompanying warrants are being sold together at a combined public-offering price of $0.265 per share.

The pre-funded warrants are immediately exercisable, and they may be exercised at any time until all the pre-funded warrants are exercised in full. The warrants will have an exercise price of $0.2915 per share, they will be immediately exercisable and they will expire one year from the date of issuance. The warrants also provide that, 30 days after issuance, each warrant may be exercised, at the option of the holder, on a cashless basis for 0.75 shares of common stock.

Vislink Technologies has granted the underwriters a 45-day option to purchase up to an additional 2,264,145 shares of common stock and/or 2,264,145 common warrants to purchase up to 1,698,108 shares of common stock cover over-allotments, if any. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Alliance Global Partners (AGP) is acting as the sole book-running manager for the offering.

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