uWink raises $10.4M in offering

LOS ANGELES Operators of the uWink techno-entertainment dining concept have raised $10.4 million in equity financing to fund new restaurant development and other capital needs.

Company officials hoped to raise up to $15 million in the offering, which was announced earlier this year. Investors purchased about 5.2 million units of common stock and warrants to purchase stock. Net proceeds are expected to be about $9.3 million after agent fees and offering expenses.

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