IZEA Announces Pricing of its Public Offering of Common Stock
Summary
ORLANDO, Fla.--( BUSINESS WIRE )-- IZEA Worldwide , Inc. (the “Company” or “IZEA”) (NASDAQ: IZEA ), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, announced today the pricing of its previously announced underwritten registered public offering of 1,407,333 shares of its common stock at a public offering price of $1.50 per share, for total gross proceeds of approximately $2,111,000.The net proceeds, after underwriting discounts, but before estimated expenses of the offering payable by IZEA, are expected to be approximately $1,942,210 .IZEA intends to use the net proceeds from the proposed offering to finance part of its growth strategy, and for working capital and general corporate purposes.Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels.Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the content and social sponsorship segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA, inability to raise sufficient capital when needed for both operations and growth initiatives, including through this offering, and changing economic conditions that are less favorable than expected.