By Sheri Kasprzak
Atlanta, Dec. 10 - Opsware Inc. said Friday it has raised $64 million in a direct placement of shares.
The company sold 10 million shares at $6.40 each to institutional investors.
The securities issued in the offering were sold through Opsware's shelf registration.
ThinkEquity Partners LLC was the placement agent in the deal, which is expected to close Dec. 15.
Based in Sunnyvale, Calif., Opsware is an IT automation and utility computing software company.
| Issuer: | Opsware Inc.
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| Issue: | Stock
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| Amount: | $64 million
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| Shares: | 10 million
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| Price: | $6.40
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| Warrants: | No
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| Placement agent: | ThinkEquity Partners LLC
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| Announcement date: | Dec. 10
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| Settlement date: | Dec. 15
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| Stock price: | $6.40 at close Dec. 9
|
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