Parametric Sound Announces Underwriter Exercise Of Over-Allotment Option
POWAY, CA,May 3, 2012 – Parametric Sound Corporation (Nasdaq: PAMT),a leading innovator of directed audio products and solutions, announced today that the underwriter, MDB Capital Group LLC, exercised itsover-allotment option to purchase an additional 164,512 shares of the Company’s common stock at a price of $4.50 per share, for gross proceeds of $740,304. The net proceeds of the over-allotment…