Bookrunners Northland, Wunderlich raise funds for corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 12 – Airgain, Inc. said it priced its $12 million initial public sale of stock with a $1.8 million greenshoe. The deal was announced July 15.
The company will sell 1.5 million common shares at $8.00 per share on a firm commitment basis.
Northland Capital Markets and Wunderlich are the bookrunners.
Settlement is expected Aug. 17.
Proceeds will be used for working capital and general corporate purposes, including sales and marketing, product development and capital expenditures.
The provider of embedded antenna technologies is based in San Diego. The company intends to list its common stock on the Nasdaq under the symbol “AIRG.”
| Issuer: | Airgain, Inc.
|
| Issue: | Common stock
|
| Amount: | $12 million
|
| Greenshoe: | $1.8 million, or 225,000 shares
|
| Shares: | 1.5 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Bookrunners: | Northland Capital Markets and Wunderlich
|
| Announcement date: | July 15
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Stock exchange: | Nasdaq: AIRG
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
