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Inuvo, Inc. Announces Closing of Underwritten Public Offering of Common StockLITTLE ROCK, Ark., May 15, 2018 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American:INUV), an advertising technology business, today announced the closing of its previously announced underwritten public offering of 2,860,000 shares of its common stock at a public offering price of $0.70 per share. The net proceeds to Inuvo, Inc. after deducting the underwriting discounts and commissions and estimated offering expenses payable by Inuvo, Inc., was approximately $1.8 million. Roth Capital Partners acted as sole manager for the offering. Inuvo, Inc. intends to use the net proceeds from the offering for working capital. A shelf registration statement relating to the shares of common stock issued in the offering was filed with the Securities and Exchange Commission (the “SEC”) and has been declared effective. Copies of the prospectus supplement and accompanying prospectus have been filed with the SEC and may be obtained from Roth Capital Partners, LLC, Attention: Equity Capital Markets, 888 San Clemente Drive, Newport Beach, California 92660, by telephone at (800) 678-9147 or e-mail at [email protected], or by accessing the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any such state or jurisdiction. About Inuvo, Inc. Safe Harbor / Forward-Looking Statements Company Contact: Investor Contact:
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