Roth Capital was the bookrunner. Craig-Hallum was co-lead manager
By Devika Patel
Knoxville, Tenn., Nov. 26 - Attunity Ltd. said the underwriters for its public offering of stock opted to exercise the deal's $2.6 million greenshoe in full for total proceeds of $19.96 million. The deal was announced on Nov. 20 and priced for $17.36 million with the greenshoe on Nov. 21.
The company sold 2,852,000 ordinary shares at $7.00 apiece. The price per share is a 6.67% discount to the Nov. 20 closing share price of $7.50. Of the shares, 372,000 were part of the fully exercised greenshoe.
Roth Capital Partners was the bookrunner.
Proceeds will be used for expanding the company's sales, marketing and research and development activities, acquisitions, investments, working capital and other general corporate purposes.
Based in Burlington, Mass., Attunity develops computer integration software.
| Issuer: | Attunity Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | $19,964,000 (including $2,604,000 greenshoe)
|
| Shares: | 2,852,000
|
| Price: | $7.00
|
| Warrants: | No
|
| Bookrunners: | Roth Capital Partners
|
| Co-lead manager: | Craig-Hallum Capital Group
|
| Announcement date: | Nov. 20
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 26
|
| Stock symbol: | Nasdaq: ATTU
|
| Stock price: | $7.50 at close Nov. 20
|
| Market capitalization: | $89.21 million
|
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