LOS ANGELES, Nov. 28, 2016 /PRNewswire/ -- B.
Riley & Co., LLC (B. Riley), a full service investment bank and
wholly-owned subsidiary of B. Riley Financial, Inc. (NASDQ: RILY),
acted as Co-Manager in the underwritten public offering of 6.5
million shares of common stock for ViaSat Inc.
ViaSat priced the 6.5 million shares of its common stock at
$69.74 per share. In addition,
the underwriters have exercised their option to purchase an
additional 975,000 shares resulting in gross proceeds of
approximately $521.3 million. The
offering closed on November 23,
2016.
About ViaSat Inc.
ViaSat, Inc. (NASDAQ: VSAT) keeps the world connected. As a
global broadband services and technology
company, ViaSat ensures consumers, businesses,
governments and military personnel have communications access -
anywhere - whether on the ground or in-flight. The Company's
innovations in designing highest-capacity satellites and secure
ground infrastructure and terminal technologies coupled with its
international network of managed Wi-Fi hotspots
enable ViaSat to deliver a best available network that
extends the reach and accessibility of broadband internet service,
globally. For more information, visit: www.viasat.com.
About B. Riley & Co., LLC
B. Riley & Co., LLC is a leading investment bank which
provides corporate finance, research, and sales & trading to
corporate, institutional and high net worth individual clients. The
firm is nationally recognized for its highly ranked proprietary
equity research. B. Riley & Co., LLC is a member
of FINRA and SIPC.
B. Riley Financial, Inc. (NASDAQ: RILY) is a publicly
traded, diversified financial services company which takes a
collaborative approach to the capital raising and financial
advisory needs of public and private companies and high net worth
individuals. The company also makes proprietary investments in
other businesses where B. Riley Financial, Inc. is
uniquely positioned to leverage its expertise and assets in order
to maximize value. The Company operates through several
wholly-owned subsidiaries, including B. Riley & Co.,
LLC (www.brileyco.com), Great American Group,
LLC (www.greatamerican.com), Great American Capital
Partners (www.gacapitalpartners.com) and B. Riley Capital
Management, LLC (which includes B. Riley Asset Management and
B. Riley Wealth Management, (www.brileywealth.com). Since the
acquisition of United Online, Inc. (www.untd.com)
in July 2016, B. Riley Financial, Inc. also provides
internet access services under the NetZero and Juno
brands.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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SOURCE B. Riley & Co., LLC