Identive Announces Closing of Common Stock Offering

Identive Group, Inc. announced the closing of its previously announced public offering of 7,843,137 shares of its common stock at a price to the public of $2.55 per share.

The net proceeds to Identive from the sale of the shares, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $18.3 million. As previously disclosed, the underwriters have an option, exercisable for 30 days from May 24, 2011, to purchase up to 1,176,470 additional shares solely to cover overallotments.