Radisys plans to price a public offering of shares via Needham & Co.

Proceeds will finance working capital, general corporate purposes

By Susanna Moon

Chicago, March 19 - Radisys Corp. plans to price a public offering of shares, according to a prospectus filing with the Securities and Exchange Commission. Needham & Co., the sole bookrunning manager, will have a greenshoe option.

The company's stock (Nasdaq: RSYS) closed at $3.98 per share on March 18.

Settlement is expected to occur in March.

Proceeds will be used for working capital and other general corporate purposes. The company may also use the proceeds to repay debt.

Radisys is a Hillsboro, Ore.-based provider of wireless infrastructure solutions to the telecom market.

© 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.