DON'T FALL FOR THIS SCAM
Velti Announces Pricing of $24.8 Million Offering of Ordinary Shares
Velti plc (VELT), the leading global provider of mobile marketing and advertising technology and solutions, today announced it has entered into a securities purchase agreement with certain institutional accredited investors to sell 16,529,412 ordinary shares at a price of $1.50 per share. The aggregate gross proceeds of the offering are $24.8 million. The Company intends to use the proceeds of the offering to pay certain deferred acquisition consideration totaling approximately $16.5 million relating to its November 2011 acquisition of MIG, and for research and development of the Company's technology solutions, working capital, and general corporate purposes. The Company has agreed to file a registration statement registering the securities for resale.
and revenue from USA is pathetic considering all the offices they have in the USA.
Filled with a bunch of 20 year olds playing video games and talking nonsense.
PPS goes to $1 after the next wave of stock offerings happen to raise cash to sustain operations.