Radcom to take in $3.5 million through private placement of its stock

Company plans to sell ordinary shares along with three-year warrants

By Devika Patel

Knoxville, Tenn., April 29 - Radcom Ltd. said it will raise about $3.5 million in a private placement of stock. Zohar Zisapel is among the investors.

The company will sell ordinary shares. The price per share will be based on the average closing price of the stock during the 30 trading days prior to pricing, with a 12% discount.

Investors also will receive three-year warrants. The exercise price of the warrants will be equal to the purchase price per share, plus 25%.

Tel Aviv, Israel-based Radcom develops, manufactures, markets and supports innovative network test and service monitoring products for communications service providers and equipment vendors.

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