By Sheri Kasprzak
New York, April 19 - LCC International, Inc. closed a $17.085 million private placement.
The company issued 5.1 million class A shares at $3.35 each.
Punk, Ziegel & Co. and B. Riley & Co. were the placement agents.
Proceeds will be used for investing in the company's growth strategy, which includes investing in higher-growth elements of its core business, focusing on higher margin revenues, developing tools-based services and potential acquisitions.
Located in McLean, Va., LCC is a wireless voice and data networking services provider.
| Issuer: | LCC International, Inc.
|
| Issue: | Class A shares
|
| Amount: | $17.085 million
|
| Shares: | 5.1 million
|
| Price: | $3.35
|
| Warrants: | No
|
| Placement agents: | Punk, Ziegel & Co.; B. Riley & Co.
|
| Settlement date: | April 19
|
| Stock symbol: | Nasdaq: LCCI
|
| Stock price: | $4.03 at close April 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
