Hooper Holmes Inc. has filed a registration statement for up to 4,091,783 common shares to be sold by Lincoln Park Capital Fund LLC and Aracle SPF V LLC.
The total number of shares represents 450,000 shares previously issued to Lincoln Park, 3,591,783 shares reserved for issuance under a common stock purchase agreement with Lincoln Park, and 50,000 shares previously issued to Aracle. The maximum aggregate offering price is about $2.7 million, estimated solely to calculate the registration fee, based on the average of the high and low prices of the common stock on Dec. 19.
The company will not receive proceeds from the sale of the shares by the selling stockholder, but it may receive up to $10 million in gross proceeds from the sale of its common shares to Lincoln Park after the filing date.
