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Sichenzia Ross Ference LLP Represents Vuzix Corporation in $97.5 Million Public Offering of Common Stock

NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- Sichenzia Ross Ference LLP, a leading securities and law firm, today announced that it represented Vuzix Corporation (NASDAQ: “VUZI”), a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets in a public offering of 4,768,293 shares of the company’s common stock at a price of $20.50 per share, including 621,951 shares pursuant to the full exercise by the underwriters of their over-allotment option. The gross proceeds to the Company from the offering, were approximately $97.75 million.

BTIG, LLC acted as sole book-running manager and Craig-Hallum Capital Group, LLC acted as co-manager for the offering.

The offering was made pursuant to a shelf registration statement on Form S-3, including a base prospectus, which was filed on February 2, 2021 and declared effective by the SEC on February 9, 2021.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Thomas A. Rose, Jeffrey Cahlon and law clerk Zachary Weiss.

About Sichenzia Ross Ference LLP

SRF is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. 

The firm also represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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