WOBURN, Mass., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of cloud-based Marketing Technology software, announced today a registered direct offering of 880,000 shares of its common stock at a price to the public of $3.10 per share, for gross proceeds of approximately $2.7 million prior to deduction of commissions and offering expenses payable by Bridgeline. The lead investors for the Offering include those certain of the Special Situations Funds and other institutional investors.

Joseph Gunnar & Co., LLC is acting as the lead placement agent and Taglich Brothers Inc. is acting as co-placement agent.

The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes. The closing of the offering is expected to take place on or about February 8, 2021, subject to the satisfaction or waiver of customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bridgeline

Bridgeline helps companies grow online revenues by increasing their traffic, conversion rate, and average order value with its Unbound platform and suite of apps. To learn more, please visit www.bridgeline.com