CRTO - Marin Software to sell up to $50M worth of company stock
Marin Software (NASDAQ:MRIN) shares surged by almost 19% in pre-market trading Friday after the company said it intends to sell up to $50 million worth of its stock. The advertising and marketing software company said in a Securities and Exchange Commission filing late Thursday that it will be using JMP Securities as its sales agent. San Francisco-based Marin (MRIN) specializes in software that helps search advertisers managing their online campaigns. Heading toward the market open, the company's shares were up by 88 cents, at $5.71. Also on Friday, the company announced a new partnership with Criteo (NASDAQ:CRTO) to expand its marketing software offerings.
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Marin Software to sell up to $50M worth of company stock