Inuvo, Inc. Prices $10 Million Common Stock Offering

LITTLE ROCK, Ark., July 23, 2020 (GLOBE NEWSWIRE) -- INUVO, INC. (NYSE AMERICAN: INUV) ("Inuvo" or the "Company"), a leading provider of marketing technology, powered by IntentKey artificial intelligence that serves brands and agencies, today announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock at a price to the public of $0.50 per share. The gross proceeds to Inuvo, Inc. from this offering are expected to be approximately $10,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses. Inuvo has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on or about July 27, 2020, subject to customary closing conditions. A.G.P./Alliance Group Partners is acting as sole book-running manager for the offering.