MIDDLETOWN, R.I., Nov. 23, 2010 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER) announced the pricing of an underwritten registered offering of 5,714,286 shares of its common stock with an offering price of $2.80 per share. The gross proceeds to Towerstream from this offering are expected to be approximately $16.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on or about November 29, 2010, subject to customary closing conditions. Towerstream has also granted the underwriters a 30-day option to purchase up to an additional 857,143 shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Towerstream.
Towerstream Corporation Announces Pricing Of Underwritten Registered Offering Of Common Stock
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