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Towerstream Corp Announces Closing Of Public Offering Of Common Stock

Tuesday, 5 Feb 2013 05:00pm EST 

Towerstream Corp announced the completion of its underwritten public offering of 10,000,000 shares of its common stock, at a public offering price of $3.00 per share. The total gross proceeds of the offering were $30,000,000. After underwriting discounts and commissions, and estimated offering expenses payable by Towerstream, net proceeds were approximately $27,700,000. Lazard Capital Markets LLC acted as sole book-running manager for the offering, and Canaccord Genuity Inc. and D.A. Davidson & Co. acted as the co-managers for the offering. In addition, Towerstream has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 shares of common stock. 

Company Quote

0.01 +0.58%
20 Aug 2014