NTN Buzztime Closes Over Allotment in Public Offering – Raises $7.0 Mln

NTN Buzztime (NTN), an interactive entertainment network, reports that underwriters of its underwritten public offering of common stock have fully exercised their option to purchase an additional 1,665,000 shares at a public offering price of $0.55 per share. As a result, the company issued a total of 12,765,000 shares in the offering and will receive gross proceeds of approximately $7.0 million. The company will receive net proceeds of approximately $6.4 million from the offering.

Shares of NTN are flat at $0.67 after-hours.

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