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Radcom planning $20 million public offering of ordinary shares
Zisapel agrees to purchase up to $5.6 million of the shares
By Wendy Van Sickle
Columbus, Ohio, May 16 – Radcom Ltd. plans to offer $20 million of its ordinary shares in an underwritten public offering with a $3 million greenshoe, according to a press release.
William Blair & Co., L.L.C. is acting as the bookrunning manager, and Needham & Co., LLC is acting as the lead manager.
Radcom’s largest shareholder Zohar Zisapel has agreed to purchase up to $5.6 million of the shares at the public offering price.
Proceeds will be used for general corporate purposes, which may include financing its operations, capital expenditures and business development.
The offering is subject to market conditions.
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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