8x8, Inc. (NASDAQ:EGHT) today announced the closing of its underwritten registered public offering of an aggregate of 14,375,000 shares of its common stock, including 1,875,000 shares of common stock sold pursuant to the full exercise by the underwriters of their option to purchase additional shares. All of the shares were sold at a price to the public of $9.25 per share. The aggregate net proceeds to the company from this offering are approximately $126 million, after deducting underwriting discounts and commissions and estimated offering expenses.
BofA Merrill Lynch, Barclays, and Deutsche Bank Securities were the joint book-running managers for the offering. Needham & Company, Craig-Hallum Capital Group, and Dougherty & Company were the co-managers for the offering.
The shares of common stock were sold pursuant to the company’s effective shelf registration statement.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy these securities, 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.The offering of these securities was made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, firstname.lastname@example.org; or from Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email@example.com; or from Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall Street, New York, New York 10005, firstname.lastname@example.org. About 8x8, Inc. 8x8, Inc. (NASDAQ:EGHT) offers a comprehensive portfolio of unified cloud-based communications and collaboration services that includes hosted cloud telephony, office communications, hosted contact center, video conferencing and virtual desktop software and services. The company has been delivering business services to SMB, mid-market and distributed enterprises since 2004 and has garnered a reputation for technical excellence and outstanding reliability.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts