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Neonode Files for Up to $100 Million Mixed Shelf

05/10/2021 23:11

03:04 AM EDT, 05/11/2021 (MT Newswires) -- Neonode (NEON) on Monday filed a registration statement covering the potential sale of up to $100 million in securities.

The securities, which may be offered from time to time, include common shares, preferred shares, debt securities, warrants, rights and units, according to a filing with the US Securities and Exchange Commission.

Net proceeds from the sale will be used for the company's operations and for other general corporate purposes, including capital expenditures, general working capital and possible future acquisitions.

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