Orbcomm plans to price $72 million public offering of common stock

Deal conducted by bookrunners Raymond James, Canaccord and Macquarie

By Devika Patel

Knoxville, Tenn., Nov. 6 – Orbcomm Inc. said it will price a $72 million registered public offering of common stock with a 15% 30-day greenshoe.

Raymond James & Associates, Inc., Canaccord Genuity Inc. and Macquarie Capital (USA), Inc. are the bookrunning managers.

Proceeds will be used for the acquisition of SkyWave Mobile Communications Inc. and general corporate purposes.

Orbcomm is a Fort Lee, N.J., satellite data communications company.

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