Rocket Fuel says it will conduct $30 million at-the-market offering

Deal arranged with Cantor Fitzgerald; proceeds fund corporate purposes

By Devika Patel

Knoxville, Tenn., Aug. 12 – Rocket Fuel Inc. negotiated a $30 million at-the-market equity offering with agent Cantor Fitzgerald & Co., according to a prospectus supplement filed Friday with the Securities and Exchange Commission.

Cantor will be paid a 3% commission.

Proceeds will be used for general corporate purposes, including working capital, capital expenditures and other corporate expenses.

Rocket Fuel is a Redwood City, Calif., company that uses artificial intelligence to improve digital advertising.

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