Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering
SAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) — Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQ:PRST), one of the largest AI and automation technology providers to the restaurant industry, announced today that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 8,533,000 shares of common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.