eMerge Interactive Inc., a technology company serving the agricultural, foodservice and healthcare industries, announced it has closed its $4,060,000 private placement of common stock that was previously announced on Jan. 12, 2005.

At closing, eMerge sold 2,900,000 common shares at a purchase price of $1.40 per share. Net proceeds from the offering are approximately $3.8 million. As part of the transaction, eMerge issued five-year warrants to purchase an additional 435,000 common shares at an exercise price of $1.75 per share.

Source: PR Newswire