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 discounts and commissions. Roth Capital Partners acted as co-manager for the offering.
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About Cambium Networks Corporation
Cambium Networks empowers millions of people with wireless connectivity worldwide. Its wireless portfolio is used by commercial and government network operators as well as broadband service providers to connect people, places and things. With a single network architecture spanning fixed wireless and Wi-Fi, Cambium Networks enables operators to achieve maximum performance with minimal spectrum. End-to-end cloud management transforms networks into dynamic environments that evolve to meet changing needs with minimal physical human intervention. Cambium Networks empowers a growing ecosystem of partners that design and deliver gigabit wireless solutions that work. For more information about the company, please visit www.CambiumNetworks.com.
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