Published on 7/19/2007 in the Prospect News PIPE Daily.
New Issue: Procera Networks wraps $8 million private placement of stock
By Laura Lutz
Des Moines, July 19 - Procera Networks, Inc. completed a private placement of stock for $7,999,500.
The company sold 3,999,750 shares of restricted common stock at $2.00 each.
Chadbourn Securities, Inc. acted as agent.
Proceeds will be used for sales of the company's PacketLogic line of products.
Based in Los Gatos, Calif., Procera provides solutions for network traffic identification and management.
| Issuer: | Procera Networks, Inc.
|
| Issue: | Restricted common stock
|
| Amount: | $7,999,500
|
| Shares: | 3,999,750
|
| Price: | $2.00
|
| Warrants: | No
|
| Agent: | Chadbourn Securities, Inc.
|
| Settlement date: | July 17
|
| Stock symbol: | OTCBB: PRNW
|
| Stock price: | $3.08 at close July 19
|
© 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.
