magicJack VocalTec to price public sale of 1.5 million ordinary shares

Proceeds to be allocated to advertising and general corporate purposes

By Devika Patel

Knoxville, Tenn., Dec. 9 - magicJack VocalTec Ltd. will price a public offering of 1.5 million ordinary shares, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.

Oppenheimer & Co. Inc. is the bookrunner. Canaccord Genuity Inc., Northland Capital Markets and E*Trade Securities LLC are the lead managers.

Proceeds will be used for additional advertising and general corporate purposes, which may include working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses.

magicJack is a Herzliya, Israel, provider of carrier-class voice over Internet protocol and convergence solutions for fixed and wireless communication service providers.

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