Digimarc Corporation announced on September 29, 2026, that it has entered into purchase agreements to sell 4,500,000 shares of common stock in a registered direct offering. The shares are being offered at a price of $4.04 per share, resulting in expected gross proceeds of approximately $18.2 million.
The company stated that the offering is expected to close on or about September 30, 2026, subject to the satisfaction of customary closing conditions. Needham & Company is serving as the sole placement agent for the transaction.
According to the filing, the offering is being led by an existing Digimarc investor, with Paul Carreiro, President and CEO, noting that the response came largely from a shareholder familiar with the company who chose to increase their position. Digimarc intends to use the net proceeds from the offering for general corporate purposes.
The offering is being conducted pursuant to a registration statement on Form S-3 (Registration No. 333-297287) that was declared effective by the Securities and Exchange Commission on July 13, 2026. The company also entered into a registration rights agreement with the investors, which outlines obligations to file resale registration statements and specifies conditions under which liquidated damages may apply.
