MIDDLETOWN, R.I., Jan. 30, 2013 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq:TWER), a leading 4G and Small Cell Rooftop Tower company, today announced that it intends to offer shares of its common stock in an underwritten public offering. Towerstream also expects to grant the underwriters a 45-day option to purchase additional shares of common stock. Lazard Capital Markets LLC is acting as sole book-running manager for the offering. While the offering is expected to price before 9:30 am EST on January 31, 2013, the offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Towerstream Corporation Announces Proposed Public Offering Of Common Stock
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