Bridgeline digital announces offerings priced at-the-market for gross proceeds of $5.1 million

Woburn, mass., may 12, 2021 (globe newswire) -- bridgeline digital, inc. (nasdaq: blin) (“bridgeline” or the “company”), a provider of cloud-based marketing technology software, announced today a registered direct offering priced at-the-market of 1,060,000 shares of its common stock at a price of $2.28 per share, for gross proceeds of approximately $2.4 million prior to deduction of commissions and offering expenses.  additionally, the company has entered into securities purchase agreements with certain institutional investors in connection with a private placement of 2,700 shares of its series d convertible preferred stock (the “series d preferred stock”) at a price of $1,000 per share and warrants to purchase up to an aggregate of 592,105 shares of common stock at an exercise price of $2.51 per share (the “warrants”).  the company expects to receive gross proceeds from the private placement of approximately $2.7 million, prior to deduction of commissions and offering expenses.
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