ARDEN HILLS, Minn.–( BUSINESS WIRE )– IntriCon Corporation (NASDAQ:IIN), a designer, developer, manufacturer and distributor of miniature and micro-miniature body-worn devices, today announced that it has priced a public offering of 700,000 shares of its common stock at a public offering price of $5.25 per share. All of the […]

 

IntriCon Corporation (NASDAQ: IIN) is a designer, developer and manufacturer of micro-miniature and miniature body-worn devices. The devices are primarily utilized within the medical and healthcare industry and help provide professionals with more intelligent and efficient connected devices. Although the company is headquarter within Arden Hills, Minnesota, they have facilities in Europe, the United Kingdom and Asia.

Today, the company announced the price of their public offering of 700,000 shares of common stock. All shares, which will be prices at $5.25 per share, will be sold by the company. The closing is projected to close on May the 18th of 2016. According to the company’s press release, they hope to generate $3.118 million in proceeds from the offering. The company’s stop closed today at $5.29, which equated to a twenty cent decrease compared to their previous close of $5.49. The stock currently has a 1-year target price of $11.50.