EVINE Live Inc. on May 30 closed the offering of 4,008,273 shares of the company's common stock to certain investors.
The shares were offered at $1.12 per share, except for shares sold to certain officers and directors, who paid $1.15 per share, the company said in an amended Form 8-K filed May 30.
EVINE Live plans to use gross proceeds of about $4.5 million to fund general corporate purposes, including working capital. Further, the company did not engage an underwriter or placement agent in connection with the offering.
EVINE Live on May 25 had increased the size of the offering by 892,857 shares to 4,901,130 shares.