INVE - Identiv raises $35M via equity offering

Identiv (INVE) +2.5% premarket, has priced public offering of 3,286,385 shares at $10.65 per share, for expected gross proceeds of ~$35M.The offering is expected to close on April 12, 2021.Underwriters' over-allotment is an additional 492,957 shares.Identiv is set to extend its momentum in the booming RFID market and the huge market opportunity validates the projected double-digit growth in FY'21, wrote Kayode Omotosho on Seeking Alpha in the article 'Identiv: Benefitting From Favourable Trends And Improved Competitive Position.'

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Identiv raises $35M via equity offering