Viggle Prices Stock Offering At $8 Per Share And Reveals Uplisting To Nasdaq

(RTTNews) - Viggle Inc. (VGGL), the entertainment marketing and rewards platform, Friday announced the pricing of an underwritten public offering of 4.375 million of its common shares at a price to the public of $8.00 per share.

The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "VGGL" on April 25.

iggle has granted the underwriters a 45-day option to purchase up to 656,250 additional shares at the public offering price less the underwriting discount to cover over-allotments, if any.

The net proceeds of the offering are estimated to be about $32.1 million, which Viggle intends to use to repay existing debt and for marketing and sales, working capital and general corporate purposes.