Airgain to price IPO of 1.5 million shares between $9.00 and $10.00

Bookrunners Northland, Wunderlich raise funds for corporate purposes

By Devika Patel

Knoxville, Tenn., July 29 – Airgain, Inc. will sell 1.5 million common shares in its initial public offering with a 30-day greenshoe option of 225,000 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The company has registered up to $17.25 million of stock for the deal, which was announced on July 15 and will be conducted on a firm commitment basis.

The shares will be sold at a price expected to fall between $9.00 and $10.00 per share.

Northland Capital Markets and Wunderlich are the bookrunners.

Proceeds will be used for working capital and general corporate purposes, including sales and marketing, product development and capital expenditures.

The provider of embedded antenna technologies is based in San Diego. The company intends to list its common stock on the Nasdaq under the symbol “AIRG.”

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