Bridgeline Gets Much more than $7.3M in Warrant Exercise routines

WOBURN, Mass., July 21, 2021 (Globe NEWSWIRE) — Bridgeline Electronic, Inc. (NASDAQ: BLIN), company of cloud-primarily based marketing and advertising technologies software package, introduced today it has acquired more than $7.3M in income, including the $2.5M beforehand disclosed, as a outcome of the latest warrant workouts. These warrants were being initially issued in 2019 with a strike cost of $4.00.

These resources carry Bridgeline’s hard cash harmony to much more than $9M with 8,393,609 shares of widespread stock remarkable. The new funds is earlier mentioned and past Bridgeline’s thoroughly capitalized functioning approach. The additional money will be utilized to accelerate development and execute Bridgeline’s eCommerce 360 system to drive targeted visitors, raise conversions and increase average purchase value for its 2,500 shoppers.

“Bridgeline is fully capitalized to address all earnout, and personal debt obligations from our current two acquisitions with a potent war chest to accelerate our profits and marketing and advertising attempts as nicely as pursue further strategic chances,” claimed Ari Kahn, President and CEO of Bridgeline Electronic. “We thank our buyers for their ongoing help.”

Bridgeline has acquired two corporations in 2021, WooRank and Hawksearch. WooRank drives traffic to sites by supporting strengthen search motor optimization. Hawksearch grows on line revenues for eCommerce internet websites by increasing conversion and optimizing the lookup working experience for site visitors.

About Bridgeline Digital

Bridgeline can help firms develop online revenues by raising their visitors, conversion fees, and normal buy values with its advertising platform and suite of applications. To understand more, please go to www.bridgeline.com or connect with (800) 603-9936.

Get in touch with:
Danielle Erwin
VP of Internet marketing
Bridgeline Digital
[email protected]