[DMIC raises capital by offering 1.3M shares.]
Tuesday March 7, 10:04 pm Eastern Time
Company Press Release
SOURCE: Digital Microwave Corporation
Digital Microwave Corporation Commences Stock Offering
SAN JOSE, Calif., March 7 /PRNewswire/ -- Digital Microwave
Corporation (Nasdaq: DMIC - news) today announced that it has
commenced an offering of 1,347,368 shares of its common stock
from its shelf registration statement. Dain Rauscher Wessels
is acting as the sole underwriter for the offering. The
Company intends to use the net proceeds for general corporate
purposes, including working capital, and may use a portion of
the net proceeds to fund potential strategic investments and
acquisitions.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any
sales of these securities in any jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of
any such jurisdiction. This offering is being made by means
of a prospectus supplement to a prospectus that is part of
the Company's shelf registration previously filed with the
Securities and Exchange Commission. Copies of the prospectus
and the prospectus supplement can be obtained from Dain
Rauscher Wessels, Attention: Syndicate Department, 60 South
Sixth Street, Minneapolis, MN 55402, phone 612-371-2818 or by
calling the Company.
Headquartered in San Jose, California, Digital Microwave
Corporation provides microwave radio solutions to connect,
enable and grow communications networks worldwide. The
Company's industry-leading broadband, medium-capacity and
low-capacity radios transport data, voice, and video for
public and private networks in a wide range of global
environments. Digital Microwave Corporation brings value to a
diverse range of customers through its vast array of quality
systems, services and support.
For more information visit the Company's web site at
dmcwave.com .
SOURCE: Digital Microwave Corporation
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Wednesday March 8, 12:06 am Eastern Time
Digital Microwave offers 1.35 million shares
SAN JOSE, Calif., March 7 (Reuters) - Digital Microwave Corp.
(NasdaqNM:DMIC - news), which provides technology for
transmission of network information via microwaves, on
Tuesday said it began a 1.35 million share offering covered
under its shelf registration.
Dain Rauscher Wessels is acting as the sole underwriter for
the offering.
The company, which according to S&P MarketScope had 70
million shares outstanding as of March 4, said it intends to
use the net proceeds for general corporate purposes,
including working capital. It also may use part of the
proceeds to fund potential strategic investments and
acquisitions.
Shares of Digital Microwave Tuesday closed at 36-3/8. |
