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Precision Optics Completes Private Placement

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GARDNER, Mass., Mar. 20 -- Precision Optics Corp. Inc. has completed a private placement valued at up to $22.9 million to institutional and private investors. Investors agreed to purchase 657,895 shares of common stock and warrants exercisable for an additional 388,157 shares of common stock; gross proceeds to the company totaled $12.5 million, with additional proceeds of up to $10.4 million possible upon exercise of the warrants. Precision Optics said these investments would allow it to acquire additional equipment and facilities, to increase production capacity for dense...Read full article

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