Parametric Sound Announces $5.1 Million Registered Direct Offering of Common Stock
SAN DIEGO, California, November 13, 2013 – Parametric Sound Corporation (NASDAQ: PAMT), a leading innovator of audio products and solutions, announced today that it has entered into a subscription agreement for the sale of 364,286 shares of common stock at a price of $14.00 per share for gross proceeds of $5.1 million. The sale and issuance of the shares is expected to close on or about November…