Dataram to Raise $0.8 Million

Dataram Corporation has entered into a definitive agreement to sell $.8 million of its common stock and warrants to institutional investors in a registered direct offering.

Under the terms of the purchase agreement, Dataram will sell 350,931 shares of its common stock at $2.30 per share, and warrants to purchase up to an aggregate of 350,931 shares of common stock at an exercise price of $3.50 per share. The warrants will be exercisable beginning in six months from the closing date of the offering and will expire five years from the date they first become exercisable. Dataram will receive approximately $.75 million in net proceeds from the offering.

The offering is expected to close on or about September 23, 2013, subject to customary closing conditions.

Tripoint Global Equities, LLC acted 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."

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