Business News • MarketWire • Ikanos Announces Closing of Sale of Common Stock Pursuant to Exercise of Underwriter's Over-Allotment Option |
Ikanos Announces Closing of Sale of Common Stock Pursuant to Exercise of Underwriter's Over-Allotment Option |
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Ikanos Announces Closing of Sale of Common Stock Pursuant to Exercise of Underwriter's Over-Allotment Option
FREMONT, CA--(Marketwire - December 7, 2010) - Ikanos Communications, Inc. (NASDAQ: IKAN) today announced Needham & Company, LLC, the underwriter for the recently concluded public offering of the Company's common stock, exercised in full its option to purchase 1,671,570 additional shares of the Company's common stock. The 1,671,570 additional shares were sold at a price to the public of $1.05 per share and brought the total number of shares issued in the offering to 12,815,370. The net proceeds to the Company from the offering are approximately $12,396,000, after deducting the underwriting discount and estimated offering expenses.
View More : http://www.marketwire.com/mw/release.do?id=1365456&sourceType=3
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