NetworkNewsBreaks – Cambium Networks Corporation (NASDAQ: CMBM) Announces $70 Million Secondary Follow-On
Cambium Networks (NASDAQ: CMBM), a provider of wireless networking infrastructure solutions, announced that it has closed an underwritten secondary public offering of 2,500,000 ordinary shares. The shares were sold at $28 per share, and the public offering resulted in approximately $70 million gross proceeds. The shares were sold by Vector Cambium Holdings L.P., which is owned by Vector Capital and certain of its affiliates. In addition to selling the public offering shares, Vector Capital granted the underwriters a 30-day option allowing the purchase of an additional 375,000 ordinary shares at the public offering price; that price would be less underwriting…







