eMagin Announces $2 Million Registered Direct Offering of Common Stock

eMagin Corporation, a leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, announced that it has agreed to sell 4 million shares of its common stock to an institutional investor at a purchase price per share of $0.50 in a registered direct offering.
 
The gross proceeds to the company are expected to be approximately $2 million before deducting placement agent fees and other offering expenses. The company intends to use the net proceeds for working capital and other general corporate purposes.