Needham granted 30-day greenshoe for 855,000 additional shares
By Marisa Wong
Madison, Wis., March 20 - Radisys Corp. priced a $19.38 million public offering of common stock on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The company sold 5.7 million common shares at $3.40 per share and granted the underwriter a 30-day over-allotment option to purchase up to 855,000 additional shares.
The price per share reflects a 12.6% discount to the March 19 closing share price of $3.89.
Needham & Co., LLC is the bookrunning manager.
Proceeds will be used for working capital and other general corporate purposes. The company may also use the proceeds to repay debt.
The offering will close on March 25.
Radisys is a Hillsboro, Ore.-based provider of wireless infrastructure solutions to the telecom market.
| Issuer: | Radisys Corp.
|
| Issue: | Common stock
|
| Amount: | $19.38 million
|
| Shares: | 5.7 million
|
| Price: | $3.40
|
| Greenshoe: | For 855,000 shares, exercisable for 30 days
|
| Warrants: | No
|
| Bookrunner: | Needham & Co., LLC
|
| Co-manager: | D.A. Davidson & Co.
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Stock symbol: | Nasdaq: RSYS
|
| Stock price: | $3.89 at close March 19
|
| Market capitalization: | $114.59 million
|
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