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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Apr. 12, 11:06 AM

Slide #4. Identiv, Inc. Secondary Offering

Company: Identiv, Inc. (NASDAQ:INVE)
Date announced: 4/7/2021
Shares Offered: 3,286,385
Date of Pricing: 4/8/2021
Price Per Share: $10.65
Secondary Offering Details: Identiv, Inc. (Nasdaq: INVE) today announced that it intends to offer shares of its common stock for sale in an underwritten public offering. All of the shares in the offering are being offered by Identiv. In addition, Identiv expects to grant the underwriters a 30-day option to purchase up to an additional 15% of shares of its common stock on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 4/8- Identiv, Inc. (Nasdaq: INVE) today announced the pricing of an underwritten public offering of 3,286,385 shares of its common stock at a price to the public of $10.65 per share. All of the shares in the offering are being sold by Identiv. The gross proceeds to Identiv from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $35.0 million. The offering is expected to close on or about April 12, 2021, subject to customary closing conditions. In addition, Identiv has granted the underwriters a 30-day option to purchase up to an additional 492,957 shares of its common stock at the public offering price, less underwriting discounts and commissions.

Identiv provides physical security and secure identification. Co.'s products, software, systems, and services address the markets for physical and logical access control, video analytics and a range of Radio Frequency Identification (RFID)-enabled applications. Co. has two segments: Premises, which includes solutions to address the premises security market for government and enterprise, including access control, video surveillance, analytics, customer experience and other applications; and Identity, which includes products and solutions enabling access to information serving the logical access and cyber security market and protecting assets and objects in the Internet of Things with RFID.
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Company Name:  Identiv Inc
Stock buyback:  INVE buyback
Sector:  Application Software
Number of ETFs Holding INVE:  4
Total Market Value Held by ETFs:  $9.66M
Total Market Capitalization:  $211.00M
% of Market Cap. Held by ETFs:  4.58%

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April 12, 2021    11:06 AM Eastern
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Strong Buy (4.00 out of 4)
89th percentile
(ranked higher than approx. 89% of all stocks covered)

Analysts' Target Price:
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