RTB Digital announces $5.5 million private placement and loan agreements

RTB Digital, Inc. (NASDAQ:RTB) has announced a $5.5 million private placement and loan agreements to support its operations. The financing includes a 20% annual interest rate on loans secured by equity owned by borrowers. The company's stock is currently trading at $9.55, which is 14% below the $11.13 offering price, indicating recent market volatility.

Despite the financing, RTB Digital remains unprofitable, with a loss of $0.35 per share over the past year and negative EBITDA of $2.69 million. The company also issued 494,159 shares at $11.13 per share, raising gross proceeds of $5.5 million through Securities Purchase Agreements.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.