Dataram to Raise $659,250

Dataram Corporation has entered into a definitive agreement to sell $659,250 of its common stock to institutional investors in a registered direct offering.

Under the terms of the purchase agreement, Dataram will sell 219,750 shares of its common stock at $3.00 per share. It will receive approximately $583,000 in net proceeds from the offering.

The offering was expected to close on or about March 21, 2014, subject to customary closing conditions.

Tripoint Global Equities, LLC will act as the exclusive placement agent for the offering.

Net proceeds from the offering will be used to meet working capital needs and for general corporate purposes.

John Freeman, CEO, stated: “With these funds we can continue to expand our strategic relationship with Advanced Micro Devices and add more outlets for the sale of our AMD branded product lines.”