Applied uv, inc. announces closing of $12.0 million public offering of 10.5% series a cumulative perpetual preferred stock

Mount vernon, ny / accesswire / july 16, 2021 / applied uv, inc. (nasdaq:auvi) ("applied uv" or the "company"), an infection prevention technology company that applies the power of narrow-range ultra violet light ("uvc") to destroy pathogens safely, thoroughly, and automatically, today announced the closing of its underwritten registered public offering of 480,000 shares of 10.5% series a cumulative perpetual preferred stock, with liquidation preference of $25.00 per share (the "series a preferred stock"), at an initial public offering price of $25.00 per share, raising gross proceeds of $12.0 million before deducting underwriting discounts and other offering expenses. in connection with the offering, the company has granted the underwriters a 45-day option to purchase up to an additional 72,000 shares of series a preferred stock.
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