Vuzix’s $15.5 Million Registered Direct Offering

Sichenzia Ross Ference LLP represented Vuzix Corporation in the transaction.

Vuzix Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, executed a registered direct offering of 3,647,060 shares of its common stock and 6 month common stock purchase warrants. The common stock was sold at a price of $4.25 per share and the warrants have an exercise price of $5.25 per share. The gross proceeds from the offering will be approximately $15,500,000.

The Sichenzia Ross Ference LLP team was led by Partner Gregory Sichenzia (Picture), Counsel Jeffrey Cahlon, and Associate Jacob Tabman.

Involved fees earner: Jeffrey Cahlon – Sichenzia Ross Ference LLP; Gregory Sichenzia – Sichenzia Ross Ference LLP; Jacob Tabman – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: Vuzix Corp.;

Author: Ambrogio Visconti