Dataram Raises $503,000 in Series D Funding to Fuel International Growth and Acquisition Strategies

PRINCETON, N.J., Aug. 8, 2016 — (PRNewswire) — Dataram Corporation (NASDAQ: DRAM), an independent manufacturer of memory products and provider of performance solutions, today announced that on August 3, 2016, it executed definitive purchase agreements with certain accredited investors, pursuant to which the Company agreed to sell 3,699 shares of its Series D Preferred Stock (the "Series D Stock") at a price of $136.00 per share.  Each share of Series D Preferred Stock is convertible into 100 shares of common stock at a conversion price of $1.36 per share.  The shares were priced based on market close on August 2, 2016.  The Company closed on the sale of the Series D Preferred Stock on August 4, 2016 with gross proceeds to the Company of approximately $503,000.

The Series D Stock is convertible into common shares at the ratio of 100 common shares for every Series D share.  The shares are eligible for a special onetime dividend.  No warrants were issued as part of the transaction.

"This capital provides us with additional resources to expand rapidly into new global markets as well as help execute on the recently announced acquisition of U.S. Gold.

"It is a unique and valuable opportunity to work with investors who support the Company and take a long-term, strategic approach in the investment in Dataram" said Dave Moylan, Dataram Chairman and CEO. "The continued support from our existing and new investors is greatly appreciated as they provide us the greatest strategic latitude for the business as we continue to optimize during this time of transformation."

The proceeds will be used to invest in international growth and for fees incurred in connection with the acquisition of U.S. Gold.  Over the last 12 months, Dataram's international revenue increased approximately 10%.  The Company continues to seek global expansion and actively pursues new markets overseas. The U.S. Gold transaction, announced in June 2016, is expected to close later this year, subject to usual and customary conditions, including the approval of our shareholders.

About Dataram Corporation
Dataram is an independent manufacturer of memory products and provider of performance solutions that increase the performance and extend the useful life of servers, workstations, desktops and laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu, HP, IBM, Lenovo and Oracle. Dataram's memory products and solutions are sold worldwide to OEMs, distributors, value-added resellers and end users. Additionally, Dataram manufactures and markets a line of Intel Approved memory products for sale to manufacturers and assemblers of embedded and original equipment. 70 Fortune 100 companies are powered by Dataram. Founded in 1967, the Company is a US based manufacturer, with presence in the United States, Europe and Asia. For more information about Dataram, visit www.dataram.com.

Safe Harbor
The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials or the future financial performance of the Company, and the pending acquisition of US Gold Corp, and any anticipated benefits of the merger, and the success of US Gold with respect to any of its exploration activities.  Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: changes in the price of memory chips, changes in the demand for memory systems, increased competition in the memory systems industry, order cancellations, delays in developing and commercializing new products, risks with respect to US Gold faced by junior exploration companies generally engaged in pre-production activities, and other factors described in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including  the Risk Factors with respect to U.S. Gold contained in the Current Report on Form 8-K filed on June 13, 2016, filed with the Securities and Exchange Commission, which can be reviewed at  www.sec.gov.  The Company has based these forward-looking statements on its current expectations and assumptions about future events.  While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control.  The Company does not assume any obligations to update any of these forward-looking statements.

For additional information, please contact:
Robert Haag                                                                                         
Managing Director                                                                                              
IRTH Communications
866-976-4784
Email Contact

Dataram Contact:
Jeffrey Goldenbaum                                                                                           
Director, Marketing  
609-799-0071
Email Contact 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/dataram-raises-503000-in-series-d-funding-to-fuel-international-growth-and-acquisition-strategies-300310305.html

SOURCE Dataram Corporation

Contact:
Dataram Corporation
Web: http://www.dataram.com




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