Stockholders sell shares through bookrunner Needham
By Devika Patel
Knoxville, Tenn., Feb. 13 - eGain Corp. said it priced a $14.65 million secondary sale of stock. The deal was announced on Tuesday and has a $2.2 million greenshoe.
The selling stockholders will sell 2.17 million common shares. The price per share of $6.75 is a 14.99% discount to $7.94, the Feb. 12 closing share price.
Needham & Co., LLC is the bookrunning manager.
Settlement is expected on Feb. 19.
The company will not receive any proceeds from the secondary sale.
Based in Sunnyvale, Calif., eGain is a provider of cloud customer engagement services.
| Issuer: | eGain Corp.
|
| Issue: | Common stock
|
| Amount: | $14,647,500
|
| Greenshoe: | $2,197,125
|
| Shares: | 2.17 million
|
| Price: | $6.75
|
| Warrants: | No
|
| Bookrunners: | Needham & Co., LLC
|
| Co-manager: | Roth Capital Partners,LLC
|
| Announcement date: | Feb. 12
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Stock symbol: | Nasdaq: EGAN
|
| Stock price: | $7.94 at close Feb. 12
|
| Market capitalization: | $187.49 million
|
© 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.
