MINNEAPOLIS, June 19, 2007 (PRIME NEWSWIRE) -- Wireless Ronin Technologies, Inc. (Nasdaq:RNIN), a Minneapolis-based digital signage solutions provider, announced today the closing of its follow-on public offering of 3,600,000 shares of common stock by the Company and 1,000,000 shares by a selling shareholder, and that the underwriters for the offering have exercised in full their option to purchase an additional 690,000 shares of common stock to cover over-allotments. Wireless Ronin did not receive any of the proceeds from the sale of shares by the selling shareholder.
Wireless Ronin intends to use the net proceeds from the offering for general corporate purposes, including working capital and acquisitions of technologies, products or businesses as opportunities may arise. The Company currently has no commitments or agreements with respect to any such acquisitions.
ThinkEquity Partners LLC acted as bookrunning co-lead manager for the offering with Feltl and Company as co-lead manager and Barrington Research Associates, Inc. as a co-manager.
Registration statements relating to these securities were declared effective by the Securities and Exchange Commission and are available on the Securities and Exchange Commission's website at http://www.sec.gov. A final prospectus relating to this offering may be obtained from ThinkEquity Partners LLC, 600 Montgomery Street, 8th Floor, San Francisco, CA 92123, prospectus@thinkequity.com or at www.thinkequity.com/banking/prospectus, or from Feltl and Company, 225 South Sixth Street, Suite 4200, Minneapolis, MN 55402, toll-free at (866) 655-3431.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made only by means of a prospectus included in the registration statement.
About Wireless Ronin(r) Technologies
We provide dynamic digital signage solutions targeting specific retail and service markets. Through a suite of software applications marketed as RoninCast, we provide an enterprise-level content delivery system that manages, schedules and delivers digital content over wireless or wired networks. Additionally, RoninCast's flexibility allows us to develop custom solutions for specific customer applications.
The Wireless Ronin Technologies, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3208