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Wireless

Towerstream prices public offering of common stock

Thursday 31 January 2013 | 17:55 CET | News
Towerstream has announced that it has priced an underwritten public offering of an aggregate of 10 million shares of its common stock, at a price to the public of USD 3.00 per share. In addition, Towerstream has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares of common stock. The offering is expected to close on or about 5 February, subject to customary closing conditions. The net offering proceeds to Towerstream from this offering are expected to be approximately USD 27.7 million, after deducting underwriting discounts and commissions and other

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