By Sheri Kasprzak
New York, March 23 - Bookham, Inc. secured $28.6 million from a private placement of stock.
A group of investors has agreed to buy 13,640,224 shares. The exact price per share was unavailable Friday.
The investors also will receive warrants for 4,092,066 shares, exercisable at $2.80 each for five years.
Burnham Hill Partners was the placement agent.
Based in San Jose, Calif., Bookham develops optical products used to separate light signals for use in communications networks.
| Issuer: | Bookham, Inc.
|
| Issue: | Stock
|
| Amount: | $28.6 million
|
| Shares: | 13,640,224
|
| Warrants: | For 4,092,066 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.80
|
| Placement agent: | Burnham Hill Partners
|
| Announcement date: | March 23
|
| Stock symbol: | Nasdaq: BKHM
|
| Stock price: | $2.35 at close March 22
|
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