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Procera Networks plans to sell 3.5 million shares in a public offering
Bookrunner Stifel Nicolaus Weisel and co-manager William Blair assist
By Devika Patel
Knoxville, Tenn., April 10 - Procera Networks, Inc. plans to price a public sale of 3.5 million common shares, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.
The deal has a greenshoe of 525,000 additional shares.
Stifel Nicolaus Weisel is the bookrunning manager, and William Blair & Co. is co-lead manager, with Pacific Crest Securities, Raymond James and Sterne Agee assisting.
Proceeds will be used for working capital and general corporate purposes, including procuring inventory, increasing research and development activities and increasing sales and marketing activities.
Based in Los Gatos, Calif., Procera provides solutions for network traffic identification and management.
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