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Global Eagle Entertainment Inc announces closing of $190 million public offering of common stock


Thursday, 26 Dec 2013 04:02pm EST 

Global Eagle Entertainment Inc:Says it has sold a total of 13,340,000 shares of common stock at the public offering price of $14.25 per share, including 1,740,000 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, in its recently announced public offering.Says the sale of the additional shares pursuant to the over-allotment option closed on Dec. 26, which follows the closing on Dec. 20, 2013 of the initial sale of 11,600,000 shares by Global Eagle.Says Piper Jaffray & Co. acted as the sole book-running manager and Dougherty & Company and Imperial Capital acted as co-managers for the offering.Says with the closing of the over-allotment option, the total net proceeds of the public offering are about $183.3 million, after deducting the underwriters' discounts and other estimated offering expenses payable by Global Eagle. 

Company Quote

11.51
-0.23 -1.96%
1:27pm EDT