ShotSpotter (NASDAQ: SSTI) recently announced the closing of its initial public offering of common stock. The gunfire detection and solutions company sold to the underwriters 3,220,000 shares of common stock at a public offering price of $11 per share, which includes the underwriters’ fully exercised over-allotment option of 420,000 shares. Before deducting underwriting discounts and commissions and estimated offering expenses, total proceeds from the offering totaled approximately $35.4 million. Roth Capital Partners acted as the sole book-running manager for the offering and as the representative of the underwriters. Northland Capital Markets acted as co-lead manager and Imperial Capital acted as co-manager for the offering.
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About ShotSpotter, Inc.
ShotSpotter is engaged in gunfire detection and location technology. ShotSpotter’s solutions help law enforcement officials and security personnel identify, locate and deter gun violence. ShotSpotter is based in Newark, California and offers its solutions on a SaaS-based subscription model to customers around the world, with current customers located in the United States, Puerto Rico, the U.S. Virgin Islands and South Africa. For more information, visit www.shotspotter.com.
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