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, dg.prospectus_requests@baml.com;
or from Barclays c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, barclaysprospectus@broadridge.com;
or from Deutsche Bank Securities Inc., Attention: Prospectus Department,
60 Wall Street, New York, New York 10005, prospectus.cpdg@db.com.
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.
Copyright Business Wire 2013