SHSP - SharpSpring under pressure on underwritten public offering

SharpSpring (SHSP) -6.6% AH, plans to offer and sell shares in an underwritten public offering; underwriters granted 30-day option to purchase additional shares up to 15% of common stock.Terms, actual size have not yet been disclosed.Proceeds along with cash and equivalents to be used for general corporate purposes, including to fund ongoing operations, to fund growth initiatives.Net proceeds to be used for funding all or a portion of the cost of acquisitions.SharpSpring will not receive any proceeds from the sale of common stock, if any, by CEO Richard A. Carlson.

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SharpSpring under pressure on underwritten public offering