Sysorex Global Announces Proposed Public Offering Of Common Stock

(RTTNews) - Big data analytics and solutions provider Sysorex Global Holdings Corp. (SYRX) said it intends to offer shares of its common stock in an underwritten public offering. All shares offered are to be sold by Sysorex.

Sysorex also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock to cover over-allotments, if any. The offering is subject to market conditions.

Sysorex expects to use the net proceeds from this offering for general corporate purposes, including business development activities, capital expenditures, working capital and general and administrative expenses.

B. Riley & Co., LLC is acting as lead book-running manager in the offering, while Craig-Hallum Capital Group LLC is acting as co-manager.