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MICS - The Singing Machine terminates at-the-market equity program
The Singing Machine Company Inc.
2023-05-16 07:31:46 ET
Consumer karaoke products company, The Singing Machine Company ( NASDAQ: MICS ), said on Tuesday that it has terminated its at-the-market equity program with Aegis Capital as sales agent.
The company said it terminated the program because the objective of raising capital has been achieved.
The company sold ~1.07M shares under the program and raised ~$1.74M in gross proceeds, or ~$1.64 per share.