Brief: Red Violet Says Entered Agreement With Certain Investors For Purchase & Sale Of 681,000 Shares Of Co

Red Violet

28/08/2019 14:07

Aug 28 (Reuters) - Red Violet Inc  RDVT.O :
    * RED VIOLET - ENTERED AGREEMENT WITH CERTAIN INVESTORS FOR
PURCHASE & SALE OF 681,000 SHARES OF CO IN A REGISTERED DIRECT
OFFERING FOR GROSS PROCEEDS OF $7.5 MILLION
    * RED VIOLET - PURCHASE PRICE TO BE PAID BY THE PURCHASERS
IS
$11.00 PER SHARE
    * RED VIOLET - INTENDS TO USE PROCEEDS FROM SALE OF SHARES
TO
ACCELERATE MARKET EXPANSION THROUGH NEW INVESTMENT IN SALES,
PRODUCT DEVELOPMENT, MARKETING
    * RED VIOLET - INTENDS TO USE NET PROCEEDS FROM SALE OF
SHARES TO
ACCELERATE MARKET EXPANSION THROUGH NEW INVESTMENT IN SALES,
PRODUCT DEVELOPMENT & MARKETING,

Source: http://bit.ly/2HvrQ3Q
Further company coverage:  RDVT.O 

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