interCLICK (ICLK) Closes 2.88M Common Share Offering

interCLICK, Inc. (NASDAQ: ICLK), the leading ad network in data and inventory transparency, today announced that it closed its previously announced registered direct offering and sold 2,875,000 shares of common stock to a select group of institutional investors at a price of $4.50 per share. Net proceeds to interCLICK after deducting placement agent fees were approximately $12.0 million. Concurrent with interCLICK's primary offering, certain members of interCLICK's Board of Directors sold a total of 1,150,000 registered shares of common stock at $4.50 per share. Total gross proceeds of the offering were approximately $18.1 million.

interCLICK intends to use the net proceeds for general corporate purposes and working capital requirements.

RBC Capital Markets Corporation served as lead placement agent and Merriman Curhan Ford & Co. acted as co-agent.