ORLANDO, FL (May 8, 2019) – IZEA Worldwide, Inc. (“IZEA”)(NASDAQ: IZEA), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, announced today that it has priced an underwritten registered public offering of 14,285,714 shares of its common stock at a public offering price of $0.70 per share, for total gross proceeds of approximately $10.0 million. The net proceeds, after the underwriting discount, but before estimated expenses of the offering payable by IZEA, are expected to be $9.4 million. All shares of common stock to be sold in the offering will be sold by IZEA. The offering is expected to close on or about May 10, 2019, subject to the satisfaction of customary closing conditions.
IZEA intends to use the net proceeds from the offering to finance its growth strategy and the balance for working capital and general corporate purposes.
Craig-Hallum Capital Group LLC is acting as the sole book-running manager and National Securities Corporation is acting as the co-manager in connection with the offering.
A registration statement on Form S-1 (File No. 333-230688) relating to this offering was filed with the U.S. Securities and Exchange Commission (the “SEC”). This offering is being made only by means of a prospectus, copies of which, when available, may be obtained by visiting the SEC’s website at www.sec.gov or by contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402, by telephone at 612-334-6300 or by email at prospectus@chlm.com.
This press release does not constitute an offer to sell or solicitation of an offer to buy any securities in the offering. Nor shall there be any sale of these securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
