trending Market Intelligence /marketintelligence/en/news-insights/trending/J_vDGgrlBFNkyD6ot4X34w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Payment Data Systems selling common shares

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

Payment Data Systems selling common shares

Payment Data Systems Inc. has agreed to the sale and issuance of 1,176,000 of its common shares to institutional investors in a registered direct offering at $2.55 per share, for gross proceeds of approximately $3 million.

The offering is expected to close on or about Dec. 22.

After deducting the placement agent's commission and other estimated offering expenses payable by Payment Data, the net proceeds are expected to be approximately $2.8 million. The company intends to use the net proceeds for general corporate purposes and working capital.

Maxim Group LLC is acting as the exclusive placement agent for this offering.