Shareholder Borislow sells 1.1 million common shares at $14.97 apiece
By Devika Patel
Knoxville, Tenn., May 18 - magicJack VocalTec Ltd. priced a $16.47 million secondary offering stock in a prospectus supplement filed Friday with the Securities and Exchange Commission.
The selling shareholder, Daniel Borislow, will sell 1.1 million common shares at $14.97 apiece. The price per share reflects an 18.99% discount to the May 17 closing share price of $18.48.
magicJack is a Herzliya, Israel, provider of carrier-class voice over internet protocol and convergence solutions for fixed and wireless communication service providers.
| Issuer: | magicJack VocalTec Ltd.
|
| Issue: | Common stock
|
| Amount: | $16,467,000
|
| Shares: | 1.1 million
|
| Price: | $14.97
|
| Warrants: | No
|
| Pricing date: | May 18
|
| Stock symbol: | Nasdaq: CALL
|
| Stock price: | $18.48 at close May 17
|
| Market capitalization: | $358.9 million
|
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