CUI Global, Inc. (NASDAQ:CUI) Files An 8-K Termination of a Material Definitive Agreement

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CUI Global, Inc. (NASDAQ:CUI) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.

On August 9, 2017, the CUI Global, Inc. (the “Company”) today announced that its board of directors has authorized the Company to terminate, effective immediately, the At The Market Offering Agreement (the “Agreement”) with Rodman & Renshaw, a unit of H. C. Wainwright & Co, LLC (the “Agent”) providing for the Company’s “at-the-market” equity offering program (the “ATM Program”). The Agreement allowed the Company, under the ATM agreement, to issue and sell, from time to time, through the Agent, shares of the Company’s common stock, par value $0.001 per share, having an aggregate gross sales price of up to $30,000,000 (the “Shares”). No Shares were sold under the ATM agreement and the Company has no further obligations thereunder.


About CUI Global, Inc. (NASDAQ:CUI)

CUI Global, Inc. is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). Its Power and Electro-Mechanical segment aggregates its product offerings into over two categories: components, including connectors, speakers, buzzers, test and measurement devices, and control solutions, including encoders and sensors, and power solutions. Its Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT, a natural gas inferential metering device. The Other segment includes corporate activity.