AMERI Holdings, an outsourced provider of IT services to SAP customers, raised $6.08 million by offering 1.475 million shares at $4.115, within the range of $4.00 to $4.50. The company had been listed on the OTCQB. On November 8, AMERI Holdings added warrants (exercisable at the offer price) and on November 15 it disclosed that management intended to invest $1.05 million on the offering.
AMERI Holdings began trading on the Nasdaq under the symbol AMRH on Friday. In early trading, it was down over 20%. Northland Securities acted as a lead manager on the deal.
