Items tagged with emagin

Some big names are ponying up millions of dollars to own a piece of eMagin, a producer of miniature organic light emitting diode (OLED) displays that have mostly been deployed to military, medical, and industrial fields. In a recent filing with the US Securities and Exchange Commission (SEC), eMagin announced a new stock issuance with Apple, LG, Valve, and others investing over $10 million into the relatively small outfit. The company released a subsequent statement indicating an upsized $11.5 million underwritten public offering, of which it expects to net $10.6 million. It intends to use the proceeds for "working capital and general corporate purposes." More specifically, eMagin has been increasingly... Read more...