NXT-ID (NASDAQ: $NXTD)
Announces $3,432,000 Registered Direct Offering and Concurrent Private
Placement
MELBOURNE,
Florida - July 10, 2017 (Investorideas.com
Newswire) NXT-ID, Inc. (NASDAQ:NXTD), a
security technology company, announced that it has entered into definitive
agreements with existing institutional investors to purchase an aggregate of
approximately $3,432,000 of shares of common stock in a registered direct
offering and common stock purchase warrants in a concurrent private placement.
Read this news in
full at http://www.investorideas.com/CO/NXT/news/2017/07101Agreements.asp
About
NXT-ID Inc.
Nxt-ID,
Inc. (NASDAQ:NXTD) provides a comprehensive platform of
technology products and services that enable the Internet of Things (IoT). With
extensive experience in access control, biometric and behavior-metric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, NXT-ID develops and markets
groundbreaking solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of biometric
solutions that secure consumers' mobile platforms, the Wocket™, a
next-generation smart wallet and the Flye, a digital credit card developed in
collaboration with WorldVentures.
NXT-ID
includes three mobile and IoT-related subsidiaries: LogicMark, LLC,
a manufacturer and distributor of non-monitored and monitored personal
emergency response systems ("PERS") sold through dealers/distributors
and the United States Department of Veterans Affairs; Fit Pay, Inc.,
a proprietary technology platform that delivers end-to-end solutions to device
manufacturers for contactless payment capabilities, credential management,
authentication and other secure services within the IoT ecosystem, and 3D-ID LLC,
which is engaged in biometric identification and authentication. Learn more
about NXT-ID at http://nxt-id.com/.
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