TEL AVIV, Israel, October 18, 2017 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM), a leading provider of
NFV-ready service assurance and customer experience management
solutions for Communications Service Providers (CSPs), announced
the pricing of its previously announced underwritten public
offering of 1,444,814 ordinary shares, at an offering price of
$19.50 per share. Gross proceeds from
the offering are expected to be approximately $28.2 million, before underwriting discounts and
commissions and other offering expenses. In connection with the
offering, RADCOM has also granted the underwriters a 30-day option
to purchase up to an additional 216,722 ordinary shares at the
public offering price.
RADCOM intends to use the net proceeds of the offering for
general corporate purposes, which may include financing its
operations, capital expenditures and corporate development.
In connection with the offering, William
Blair & Company, L.L.C. and Needham & Company, LLC
are acting as joint book-running managers.
This offering is being made pursuant to an effective "shelf"
registration statement on Form F-3 (File No. 333-210448), declared
effective by the Securities and Exchange Commission (SEC) on
May 4, 2016.
A preliminary prospectus supplement relating to the offering has
been filed with the SEC and a final prospectus supplement relating
to the offering will be filed with the SEC. When available, copies
of the final prospectus supplement and accompanying prospectus may
be obtained by contacting William
Blair & Company, L.L.C. at 150 North Riverside Plaza,
Chicago, Illinois 60606,
Attention: Prospectus Department, by telephone at (800) 621-0687,
or by email at
prospectus@williamblair.com. Electronic copies of the
final prospectus supplement and accompanying prospectus will also
be available on the SEC's website
at http://www.sec.gov .
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities nor will there
be any sale of these securities in any state or other 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 other jurisdiction.
About RADCOM
RADCOM (NASDAQ: RDCM) is a first-mover and leading provider of
NFV-ready service assurance and customer experience management
solutions for CSPs. RADCOM's software - MaveriQ - continuously
monitors network performance and quality of services, to optimize
user experience for CSPs' subscribers. RADCOM specializes in
solutions for next-generation mobile and fixed networks, including
LTE, VoLTE, IMS and others. MaveriQ enables CSPs to smoothly
migrate their networks to NFV by assuring physical, NFV-based and
hybrid networks. For more information, please
visit http://www.radcom.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Because such statements deal with future events
and are based on RADCOM's current expectations, they are subject to
various risks and uncertainties and actual results, performance or
achievements of RADCOM could differ materially from those described
in or implied by the statements in this press release. For example,
forward-looking statements include statements regarding RADCOM's
proposed public offering, the possible purchase of additional
shares, the successful closing of the offering and planned use of
the net proceeds from the offering. The forward-looking statements
contained or implied in this press release are subject to other
risks and uncertainties, including market conditions and the
satisfaction of customary closing conditions related to the
proposed offering, and other risk factors discussed in RADCOM's
preliminary prospectus supplement and in RADCOM's Annual Report on
Form 20-F for the fiscal year ended December
31, 2016, as amended, filed with the SEC and in subsequent
filings with the SEC. Except as otherwise required by law, RADCOM
disclaims any intention or obligation to update or revise any
forward-looking statements, which speak only as of the date they
were made, whether as a result of new information, future events or
circumstances or otherwise.
For all investor enquiries, please contact:
Ran Vered
CFO
+972-77-774-5011
ranv@radcom.com
SOURCE RADCOM Ltd.