Digital Advertising Platform Kubient Closes $20.7M Public Offering

Martechcube05 Jan, 2021Business

Kubient, Inc. (NasdaqCM: KBNT, KBNTW) (�Kubient� or the �Company�), a cloud-based software platform for digital advertising, announced today the closing of its previously announced underwritten public offering of 3,529,411 shares of its common stock at a price to the public of $5.10 per share. In addition, Kubient granted to the underwriters a 45-day option to purchase up to an additional 529,411 shares of common stock, at the public offering price less underwriting discounts, of which the underwriters have fully exercised such option. After the underwriting discounts and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $18.8 million.