Immersion Corporation's shares have been rangebound as of late, mainly due to a lack of exciting news regarding this holding company. At current prices, IMMR trades at a more than 20% discount to the value of its cash and securities portfolio. However, potential upside could be greater, given the company's solid set of near and long-term catalysts.
LAS VEGAS, NV / ACCESS Newswire / June 6, 2025 / BitMine Immersion Technologies, Inc. ("BitMine" and the "Company") (NYSE American:BMNR), a technology company focused on the accumulation of bitcoin for long-term investment, whether acquired by their bitcoin mining operations or from the proceeds of capital raising transactions, today announced the closing of its underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $8.00 per share, for gross proceeds of $18 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 337,500 shares of common stock to cover over-allotments, if any.
NYSE: BMNR announced the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $8.00 per share
Software - Application Industry | Technology Sector | Mr. Eric Brandon Singer CEO | XMUN Exchange | US4525211078 ISIN |
US Country | 14 Employees | 14 Apr 2025 Last Dividend | - Last Split | 12 Nov 1999 IPO Date |
Immersion Corporation, founded in 1993 and headquartered in Aventura, Florida, stands at the forefront of haptic technology innovation. It operates along with its subsidiaries to pioneer in the creation, design, development, and licensing of haptic technologies. These technologies are instrumental in enabling users to engage their sense of touch while interacting with digital products across North America, Europe, and Asia. Immersion Corporation targets a diverse range of markets, including mobility, gaming, automotive, virtual and augmented reality, wearables, and the broader spectrum of Internet of Things (IoT), both in residential, commercial, and industrial spheres.
Immersion Corporation's contributions to technological advancements are evident through its comprehensive suite of products and services designed to facilitate immersive user experiences through touch: