Impinj Garners $67,200,000 New Funding Round

  • Feed Type
  • Date
    7/21/2016
  • Company Name
    Impinj
  • Mailing Address
    700 North 34th Street Seattle, WA 98103 USA
  • Company Description
    Impinj (NASDAQ: PI) is a leader in RAIN RFID technology & item intelligence solutions for retail, healthcare, electronics, manufacturing and supply chain applications.
  • Website
    http://www.impinj.com
  • Transaction Type
    IPO
  • Transaction Amount
    $67,200,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We currently expect to use $5.0 million of the net proceeds from this offering to repay indebtedness under our mezzanine credit facility and the remainder for working capital and other general corporate purposes. We may also use a portion of the net proceeds to acquire, license and invest in complementary products, technologies or businesses; however, we currently have no agreements or commitments to complete any such transaction.
  • M&A Terms

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