Vislink Technologies, Inc. (NASDAQ: VISL) stock was trending higher on Friday and even after the regular market close. The stock was up 13% to $4.66 in the extended-hours session. A change of 84.85% has been made in this stock’s price in the past month of trading. This stock’s price fluctuated by 181.54% in the past three months, trading in the range of $1.11 to $3.86.
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Business’s portfolio
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Sponsored
Vislink is a global technology company capable of measuring, delivering, and managing high quality, live video and synchronized data from the action scene. Live sports, entertainment, and news solutions are offered by Vislink for the broadcast markets. Additionally, Vislink offers a number of transmission products to the surveillance and defense markets.
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Recent Development
On February 4, 2021, Vislink Technologies, Inc. (NASDAQ: VISL) has announced the signing of a binding arrangement with institutional investors to buy and sell 18,181,820 shares of its common stock and common stock options to acquire up to 9,090,910 available to common shareholders in a registered direct offering at a cumulative purchase price of $2.75 per share.
The warrants will expire five years from the date of issuance and will have an exercise price of $3.25 per share. On or around February 8, 2021, closing is expected, provided that all closing conditions are met.
Alliance Global Partners will act as the sole placement agent for the offering.
To obtain an electronic copy of the supplement when available from Alliance Global Partners, contact A.G.P./Alliance Global Partners in New York at (212) 624-2060, or email prospectus@allianceg.com.
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Final word…
Several factors threaten tech stocks in the coming year, including pricey valuations, regulatory risks, and a revival of the market’s beaten-down names. Even though the global pandemic is threatening to devastate economies worldwide, investors are eager to hold on to businesses that have shown durability. Investing in tech stocks has seen recent spikes in unrest, as investors have flocked to uncertain times.