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Friday, 17 Nov 2017

eMagin enters into a sales agreement with Craig-Hallum to raise new money

In accordance with the terms of the Sales Agreement, eMagin may offer and sell an aggregate of up to US$4,500,000 of common stock from time to time through Craig-Hallum

4 Sep 2015 | Editor

eMagin Corporation has entered into a "Sales Agreement", with Craig-Hallum Capital Group LLC, or Craig-Hallum, relating to shares of our common stock that may be offered by this prospectus supplement and the accompanying prospectus.

In accordance with the terms of the Sales Agreement, we may offer and sell an aggregate of up to $4,500,000 of common stock from time to time through Craig-Hallum, as sales manager. Under the terms of the Sales Agreement, we may also sell shares to Craig-Hallum as principal for its own account.

Craig-Hallum is not required to sell any specific number or dollar amount of shares of our common stock but will use its commercially reasonable efforts, as our agent and subject to the terms of the Sales Agreement, to sell the shares offered by this prospectus supplement and the accompanying prospectus.

The actual proceeds to us will vary, but will not exceed $4,500,000 in the aggregate. In connection with the sale of shares of eMagin common stock, Craig-Hallum may be deemed to be an "underwriter" within the meaning of the Securities Act, and the compensation of Craig-Hallum may be deemed to be underwriting commissions or discounts.

Craig-Hallum will receive a commission of 3.0% based on the gross sales price per share for any shares sold through it as agent under the Sales Agreement. A different amount of compensation may be paid by us when Craig-Hallum purchases shares as principal at a price agreed to by us and Craig-Hallum. We have also agreed to reimburse certain expenses of Craig-Hallum in connection with the Sales Agreement. The net proceeds to us that we receive from sales of our common stock will depend on the number of shares actually sold and the offering price for such shares.

www.emagin.com    www.craig-hallum.com   


About eMagin

A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs.

Source: eMagin

About Craig-Hallum Capital Group

Craig-Hallum is an employee-owned, idea-driven research, trading and investment banking firm. Since starting in 1997, we have kept our focus clear: help our clients achieve their goals.

The success of our firm depends on our culture and our people. We believe we have some of the best at what they do and we’re committed to working hard and staying true to our business model. Because of our focused, research-driven strategy, we are able to have an outsized impact on a company’s visibility in the public market, on their access to high quality institutional investors and on their stock’s liquidity and trading profile. We invite you to learn more about our people, our services and our client success stories.

At Craig-Hallum our philosophy is simple: when our clients succeed, we succeed.

Source: Craig-Hallum Capital Group


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