Ambient intends to price a $57.5 million public offering of its stock

Stifel Nicolaus Weisel, Needham and ThinkEquity are the underwriters

By Devika Patel

Knoxville, Tenn., Aug. 19 - Ambient Corp. plans to price a $57.5 million public offering of stock, according to an S-1 filed Friday with the Securities and Exchange Commission.

Stifel Nicolaus Weisel, Needham & Co., LLC and ThinkEquity LLC are the underwriters.

Proceeds will be used for general corporate purposes, which may include working capital and capital expenditures, and to acquire or invest in complementary businesses, products or technologies.

Located in Newton, Mass, Ambient develops broadband-over-power-lines technologies and services.

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