OTCPK:DRWIQ - Post by User
Comment by
stk_skron May 05, 2011 10:33pm
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Post# 18538143
RE: RE: Canaccord maintains Speculative BUY
RE: RE: Canaccord maintains Speculative BUYDéjà vu kind of day...
& Sherbet, according to my best efforts:
Steps were also taken this year to strengthen our balance sheet, to ensure that we had the flexibility we required to continue our path of expansion. DragonWave announced on October 15, 2009 that it had commenced trading on the NASDAQ Global Market under the symbol "DRWI". Our common shares are now dual listed on the Toronto Stock Exchange and the NASDAQ Global Market. The public offering (the6
DragonWave Inc.
Management's Discussion and Analysis
For the three months and year ended February 28, 2010
Tables are expressed in Canadian
00's except share and per share amounts"Offering") consisted of a treasury and secondary offering of an aggregate of 12,972,300 common shares at a public offering price of US$10.00 per share (CAD$10.29 per share) for aggregate gross proceeds of US$129.7 million. The Company issued and sold 7,493,562 common shares and certain selling shareholders sold 5,518,738 common shares under the Offering. In connection with the Offering, DragonWave entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Adams and Piper Jaffray & Co. The total gross proceeds to the Company amounted to $77.1 million. After deducting commissions and listing expenses, the Company realized net proceeds of $70.5 million.