The Traderszone Network

Published in TZ Latest News 19 April, 2022 by The TZ Newswire Staff

Sonic Foundry Announces Closing of $4.3 Million Public Offering

MADISON, Wis., April 19, 2022 (GLOBE NEWSWIRE) — Sonic Foundry Inc. (Nasdaq: SOFO), the trusted leader in video capture, management and streaming solutions as well as virtual and hybrid events, today announced the closing of its previously announced underwritten public offering of 1,700,000 shares of its common stock at a public offering price of $2.55 per share. Gross proceeds before deducting underwriting discounts and commissions and other offering expenses are approximately $4.3 million.