Trading of Rochester-based Vuzix Corporation’s stock was halted Wednesday on the Toronto Stock Exchange after the company priced a public offering of 3.5 million shares of common stock at $2 a share, pending clarification of financing terms.
Shares are priced at $4.55 on the TSX Venture Exchange.
The warrants have an exercise price of $2.25 per share, are exercisable immediately and expire five years from the date issued.