Meru Networks Announces Pricing Of Public Offering Of Common Stock

SUNNYVALE, Calif., Feb. 27, 2013 /PRNewswire/ -- Meru Networks, Inc. (NASDAQ: MERU) today announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a purchase price of $4.00 per share.  Gross proceeds, before deducting the underwriting discounts and commissions and offering expenses payable by Meru, are expected to be approximately $12 million.  The offering is expected to close on or about March 4, 2013, subject to satisfaction of customary closing conditions.  Meru has granted the underwriter a 30-day option to purchase up to 450,000 additional shares of common stock to cover overallotments, if any.  Directors and executive officers of Meru Networks will purchase shares from the underwriters at the public offering price.

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William Blair & Company, L.L.C. is acting as the sole book-running manager of the public offering.

The offering is being made to purchasers pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission, or SEC.  A preliminary prospectus supplement relating to the offering has been filed with the SEC and a final prospectus relating to the offering will be filed with the SEC.  Copies of the final prospectus supplement and accompanying prospectus, when available, may be obtained by contacting William Blair & Company, L.L.C. at 222 West Adams Street, Chicago, IL 60606, Attention: Prospectus Department, by telephone at [phone] or by email at [e-mail].  Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the website of the SEC at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock of Meru Networks, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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