4,705,883 SHARES OF COMMON STOCK OF USIO, INC. UNDERWRITING AGREEMENTUnderwriting Agreement • September 25th, 2020 • Usio, Inc. • Functions related to depository banking, nec • New York
Usio, Inc., a Nevada corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the underwriters named in Schedule I hereto (the “Underwriters” or each, an “Underwriter”), for whom Ladenburg Thalmann & Co. Inc. is acting as the representative (the “Representative”), an aggregate of 4,705,883 authorized but unissued shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company (the “Firm Shares”). The Company also proposes to sell to the Underwriters, at the option of the Underwriters, up to an additional 705,882 shares of Common Stock (the “Option Shares”, and together with the Firm Shares, the “Shares”).
