 MADISON, Wis., July 29, 2021 GLOBE NEWSWIRE -- MADISON, Wis., July 29, 2021 - Sonic Foundry, Inc. OTC Pink Sheets: SOFO, the trusted leader for video creation, management solutions as well as virtual and hybrid events, announced today that it has sold 945,946 shares of common stock at market pricing net proceeds of 3,425,000 after expenses. Several investors participated in the sale including Sonic Foundrys chairman and largest shareholder, Mark Burish, who purchased 1.25 million worth of shares, as well as new investor Roumell Opportunistic Value Fund, run by James Roumell, a highly acclaimed Chevy Chase, MD money manager. The Roumell Opportunistic Value Fund is ranked in the 1st percentile by Thompson Reuters Lipper. 