NetworkNewsBreaks – ShotSpotter, Inc. (NASDAQ: SSTI) Closes IPO, Raising $34.5M
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…