By Sheri Kasprzak
New York, Dec. 6 - Procera Networks, Inc. wrapped a private placement for $5.1 million.
The company sold 5.1 million shares at $1.00 each. The price per share is a 40% discount to the company's $1.65 closing stock price on Nov. 30.
The investors received warrants for 1.02 million shares, exercisable at $1.50 each for 60 months.
Chadbourn Securities, Inc. was the placement agent.
Based in Los Gatos, Calif., Procera provides network traffic identification, control and management for broadband service networks.
| Issuer: | Procera Networks, Inc.
|
| Issue: | Stock
|
| Amount: | $5.1 million
|
| Shares: | 5.1 million
|
| Price: | $1.00
|
| Warrants: | For 1.02 million shares
|
| Warrant expiration: | 60 months
|
| Warrant strike price: | $1.50
|
| Placement agent: | Chadbourn Securities, Inc.
|
| Settlement date: | Nov. 30
|
| Stock symbol: | OTCBB: PRNW
|
| Stock price: | $1.65 at close Nov. 30
|
© 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.
