OLED microdisplay maker eMagin announced that it agreed to sell 4 million shares to an institutional investor at a purchase price per share of $0.50 in a registered direct offering (eMagin stock price was $0.78 before the announcement).

eMagin SXGA OLED-XL microdisplay photo

eMagin also issued unregistered warrants to purchase up to 3 million shares of common stock at an exercise price of $0.78 per share to the investor.

Disclosure: the author of this post holds some shares in eMagin.

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