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Microcap & Penny Stocks : NXT-ID, Inc.

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From: Sr K	10/16/2015 10:49:08 AM
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10/16/2015 9:15 am Nxt-ID prices its 1.5 mln underwritten public offering of common shares at $0.70/share; expects gross proceeds of $1.05 mln, with Aegis Capital acting as sole book-running manager - Latest quote: $.83 - 09:27 AM EDT, 10/16/2015 (MT Newswires) -- NXT-ID, Inc.(NXTD) , an early stage technology company, said Friday that it has priced its underwritten public offering of 1.5 million shares of common stock at $0.70 per share, or a 29% discount from the stock's previous close, resulting in total expected gross proceeds of $1.1 million. The underwriters have been granted a 45-day option to purchase up to 225,000 additional shares to cover over-allotments. The offering is expected to close on October 21, subject to customary closing conditions.

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