Remark holdings announces $5.0 million private placement

Las vegas, sept. 28, 2021 /prnewswire/ -- remark holdings, inc. (nasdaq: mark), a diversified global technology company with leading artificial intelligence ("ai") solutions and digital media properties, today announced it has entered into a definitive agreement with a single institutional investor in a private placement of 4,237,290 shares of common stock and warrants to purchase up to 4,237,290 shares of common stock at a combined purchase price of $1.18 per share and accompanying warrant for gross proceeds of approximately $5.0 million before deducting transaction fees and other estimated offering expenses.
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