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General

Smith Micro starts USD 65.2 mln offering to help fund acquisition of Avast ops

Thursday 11 March 2021 | 09:22 CET | News
Smith Micro Software has announced a follow-on underwritten public offering of 9.5 million shares at USD 6.85 per unit, plus a greenshoe of 1.4 million more shares. The offering is expected to raise USD 65.2 million worth of gross proceeds without the greenshoe, and should close on 15 March. The money raised will be used to pay for the recently reported acquisition of Avast's Family Safety Mobile Business. The offering was originally announced at USD 62 million.

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Categories: General
Companies: Avast / Smith Micro Software
Countries: World
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