Friday, May 10, 2002

Shakers & Stirrers and Bits & Bytes

Razorfish Raises $5.35 Million in a Private Placement Razorfish, Inc. (NASDAQ: - ), the digital solutions provider, announced that it raised $5.35 million, before fees and expenses, through the sale of approximately 16.7 million shares of common stock at a price of $.32 per share.
In addition, the company issued approximately 2.5 million warrants to purchase common stock at a price of $.45 per share. If exercised, the warrants would generate approximately $1.13 million in additional proceeds for Razorfish.

Razorfish's services employ digital technologies to address clients' needs, from business and brand strategy to systems integration. Razorfish is headquartered in New York and has offices in Boston, Los Angeles, San Francisco, Silicon Valley, and Tokyo. Recent Razorfish clients include Cisco Systems, Sony Corporation, Microsoft, Comcast, Manulife Financial, Ford Motor Company, and Bechtel.