Brief: Communications Systems Reports Updated $32.0 Mln Equity Financing To Close Concurrently With CSI–Pineapple Merger

Sunation Energy

15/09/2021 13:07

Sept 15 (Reuters) - Communications Systems Inc  JCS.O :
    * COMMUNICATIONS SYSTEMS, INC. ANNOUNCES UPDATED $32.0
MILLION
EQUITY FINANCING TO CLOSE CONCURRENTLY WITH CSI–PINEAPPLE MERGER
    * COMMUNICATIONS SYSTEMS - ENTERED INTO AMENDED AND RESTATED
SECURITIES PURCHASE AGREEMENT WITH INSTITUTIONAL INVESTORS TO
MAKE $32 MILLION PRIVATE PLACEMENT INVESTMENT
    * COMMUNICATIONS SYSTEMS INC - PROCEEDS OF INVESTMENT WILL
BE USED
PRIMARILY TO FUND PINEAPPLE STRATEGIC INITIATIVES FOLLOWING
CONSUMMATION OF MERGER
    * COMMUNICATIONS SYSTEMS INC - AMENDED AND RESTATED
SECURITIES
PURCHASE AGREEMENT REPLACES A $25.0 MILLION ORIGINAL SECURITIES
PURCHASE AGREEMENT

Source text for Eikon:  ID:nBw1lPzgfa 
Further company coverage:  JCS.O 

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