GTT price the public offering of 3 million shares of common stock at $7.75 a share. The company also granted the underwriters of the offering an option to buy up to an additional 450,000 shares of common stock to cover over-allotments.
GTT expects to see net proceeds of $21.5 million from the offering after deducting underwriter discounts and other expenses. The company will use the proceeds for general corporate purposes.
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