{"id":1668,"date":"2017-10-18T17:03:24","date_gmt":"2017-10-18T17:03:24","guid":{"rendered":"https:\/\/radcom.com\/?post_type=latest-news&p=1668"},"modified":"2023-07-31T11:52:55","modified_gmt":"2023-07-31T11:52:55","slug":"radcom-prices-public-offering-of-1444814-ordinary-shares","status":"publish","type":"latest-news","link":"https:\/\/radcom.com\/latest-news\/radcom-prices-public-offering-of-1444814-ordinary-shares\/","title":{"rendered":"RADCOM Prices Public Offering of 1,444,814 Ordinary Shares"},"content":{"rendered":"\n
Tel Aviv, Israel \u2013 October 18, 2017\u2013 RADCOM Ltd. (NASDAQ: RDCM)<\/strong>, a leading provider of NFV-ready service assurance and customer experience management solutions for Communications Service Providers (CSPs), announced the pricing of its previously announced underwritten public offering of 1,444,814 ordinary shares, at an offering price of $19.50 per share. Gross proceeds from the offering are expected to be approximately $28.2 million, before underwriting discounts and commissions and other offering expenses. In connection with the offering, RADCOM has also granted the underwriters a 30-day option to purchase up to an additional 216,722 ordinary shares at the public offering price.<\/p>\n\n\n\n RADCOM intends to use the net proceeds of the offering for general corporate purposes, which may include financing its operations, capital expenditures and corporate development.<\/p>\n\n\n\n In connection with the offering, William Blair & Company, L.L.C. and Needham & Company, LLC are acting as joint book-running managers.<\/p>\n\n\n\n This offering is being made pursuant to an effective “shelf” registration statement on Form F-3 (File No. 333-210448), declared effective by the Securities and Exchange Commission (SEC) on May 4, 2016. <\/p>\n\n\n\n A preliminary prospectus supplement relating to the offering has been filed with the SEC and a final prospectus supplement relating to the offering will be filed with the SEC. When available, copies of the final prospectus supplement and accompanying prospectus may be obtained by contacting William Blair & Company, L.L.C. at 150 North Riverside Plaza, Chicago, Illinois 60606, Attention: Prospectus Department, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com.\u00a0\u00a0Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the SEC’s website at\u00a0https:\/\/www.sec.gov<\/a>.<\/p>\n\n\n\n This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.<\/strong> <\/p>\n\n\n\n ###<\/p>\n\n\n\n For all investor enquiries, please contact:<\/strong>
Ran Vered
CFO
+972-77-774-5011
ranv@radco<\/a><\/p>\n\n\n\n