Deal slated to fund working capital, other general corporate purposes
By Devika Patel
Knoxville, Tenn., Dec. 10 – Fusion Telecommunications International, Inc. priced a $5.96 million public offering of stock, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will sell 2,731,651 common shares at $2.18 apiece. The price reflects a 26.85% discount to the Dec. 9 closing share price of $2.98.
Settlement is expected Dec. 15.
Proceeds will be used for working capital and other general corporate purposes.
Fusion is a telecommunications company based in New York.
| Issuer: | Fusion Telecommunications International, Inc.
|
| Issue: | Common stock
|
| Amount: | $5,955,000
|
| Shares: | 2,731,651
|
| Price: | $2.18
|
| Warrants: | No
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 15
|
| Stock symbol: | Nasdaq: FSNN
|
| Stock price: | $2.98 at close Dec. 9
|
| Market capitalization: | $27.18 million
|
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