RTTNews | Mar 26, 2021 09:48AM EDT

09:47 Friday, March 26, 2021 (RTTNews.com) - Shares of Vuzix Corporation (VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets, are down more than 13% Friday morning.

The company today priced the stock offering of 4,146,342 common shares at $20.50 per share.

The company intends to use the gross proceeds of about $85 million for general corporate purposes.

The offering is expected to close on or about March 30, 2021.

VUZI, currently at $22.89, has been trading in the range of $0.93- $30.65 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3180624/stock-alert-vuzix-corporation-declines-13-prices-stock-offering.aspx)

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