Towerstream closes public offering of common stock

Wednesday 6 February 2013 | 14:41 CET | News
Towerstream has announced the completion of its underwritten public offering of 10,000 shares of its common stock, at a public offering price of USD 3.00 per share. The total gross proceeds of the offering were USD 30 million. After underwriting discounts and commissions and estimated offering expenses payable by Towerstream, net proceeds were approximately USD 27.7 million. In addition, Towerstream has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares of common stock.

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Categories: Mobile & Wireless
Companies: TowerStream
Countries: United States
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