INX Inc. (NASDAQ:INXI) announced today that it has consummated the previously announced offering to sell up to 900,000 shares of its common stock to certain institutional investors at $11.00 per share. The offering resulted in gross proceeds of approximately $9.9 million, before deducting placement agent fees and estimated offering expenses, in a “registered direct” offering. Raymond James & Associates, Inc. acted as the sole placement agent for the transaction.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
ABOUT INX INC.:
INX Inc. (NASDAQ:INXI) is an information and communications technology infrastructure solutions firm delivering “Business Ready Solutions” to enterprise organizations. We offer a suite of advanced technology solutions focused around the entire life-cycle of enterprise network and data center infrastructure. Our services are centered on the design, implementation and support of network infrastructure, including routing and switching, wireless, security, unified communications, and data center solutions such as storage and server virtualization. Our customers range from large enterprises organizations such as corporations, to public entities that include federal, state and local governmental agencies. Additional information about INX can be found on our Website at http://www.inxi.com . Information on our website does not, however, form a part of this press release. All shares of INXI in the offering were offered pursuant to a previously effective shelf registration statement and a prospectus and accompanying prospectus supplement. Copies of these documents are available at the SEC’s website at http://www.sec.gov .