By Sheri Kasprzak
New York, Sept. 19 - Bookham, Inc. has received an additional $7,826,400 from options exercised by investors in a private placement closed earlier this month.
The company sold an additional 2,898,667 shares at $2.70 each and issue warrants for 724,667 shares.
The warrants are exercisable at $4.00 each for five years, beginning March 1, 2007.
The original offering closed Sept. 1 for $23,479,200. The company sold 8,696,000 shares and issued warrants for 2,174,000 shares.
Cowen & Co., LLC was the placement agent.
Located in San Jose, Calif., Bookham manufactures optical components, modules and subsystems used in telecommunications, data communications, aerospace and industry.
| Issuer: | Bookham, Inc.
|
| Issue: | Stock
|
| Amount: | $7,826,400
|
| Shares: | 2,898,667
|
| Price: | $2.70
|
| Warrants: | For 724,667 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $4.00
|
| Placement agent: | Cowen & Co., LLC
|
| Settlement date: | Sept. 19
|
| Stock symbol: | Nasdaq: BKHM
|
| Stock price: | $3.14 at close Sept. 18
|
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