AUSTIN, Texas, Dec. 09, 2016 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ:ASUR), a leading global provider
of Human Capital Management and workplace management software, today closed its previously announced underwritten public offering
of 1,695,000 newly issued shares of common stock at the public offering price of $8.00 per share. Net gross proceeds to Asure,
after deducting the underwriting discounts and commissions and other estimated offering expenses payable by Asure, were
approximately $12.4 million.
Asure intends to use the net proceeds received from the sale of the common stock for general corporate purposes,
including the payment of a portion of its outstanding subordinated indebtedness. We may also use a portion of the net proceeds to
acquire or invest in complementary businesses, assets or technologies, although Asure has not entered into any definitive
agreements with respect to any specific acquisitions at this time.
Roth Capital Partners acted as the sole book-running manager for the offering. Barrington Research, Lake Street
Capital Markets, Northland Capital Markets and Wunderlich acted as co-managers for the offering.
A shelf registration statement relating to the shares of common stock has been previously filed with and
subsequently declared effective by the Securities and Exchange Commission. The offering will be made only by means of the written
prospectus and prospectus supplement that form a part of the registration statement. A copy of the final prospectus
supplement and the accompanying prospectus relating to the offering may be obtained from Roth Capital Partners, LLC, 888 San
Clemente, Newport Beach, California 92660, Attn: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com. The final prospectus supplement and
the accompanying prospectus are also available on the SEC’s website at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of offers to buy any
securities of Asure being offered, and shall not constitute an offer, solicitation or sale of any security in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Asure Software, Inc.
Headquartered in Austin, Texas, with regional headquarters in London, England, Asure offers intuitive and
innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company offers a
high-performing work environment by integrating its “keep it simple” solutions and expertise to more than 7,000 clients worldwide.
Asure Software’s suite of solutions range from HCM workforce management solutions, time and attendance to workspace asset
optimization and meeting room management solutions.
Forward-Looking Statements
The forward looking statements in this press release, including with respect to the proposed offering and
the intended use of the proceeds of the offering, are made under the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. The offering is subject to market and other conditions, including Asure’s ability to satisfy the closing
conditions of the offering, and there can be no assurance as to whether or when the offering may be completed. Actual results could
differ materially from those indicated by forward-looking statements because of various risks and uncertainties, including those
described in the preliminary prospectus supplement and the accompanying prospectus and in Asure’s other filings and reports with
the Securities and Exchange Commission. When used in this press release, the words “believes,” “plans,” “expects,” “will,”
“intends,” “estimates” and “anticipates” and similar expressions are intended to identify forward-looking statements. Except as
required by law, Asure is not obligated to update these forward-looking statements to reflect events or circumstances that occur
after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT: Matt Glover and Najim Mostamand Liolios Group, Inc. 949-574-3860 ASUR@liolios.com