AudioCodes Ltd. (AUDC) Prices 2.6M Share Common Offering at $35/Sh

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Go back to AudioCodes Ltd. (AUDC) Prices 2.6M Share Common Offering at $35/Sh

AudioCodes Announces Pricing of Public Offering of Ordinary Shares

June 4, 2020 7:53 PM EDT

LOD, Israel , June 4, 2020 /PRNewswire/ -- AudioCodes (NASDAQ: AUDC) today announced the pricing of an underwritten public offering of 2,600,000 ordinary shares pursuant to a registration statement on Form F-3 filed with the Securities and Exchange Commission ("SEC"), at a price to the public of $35.00 per share. AudioCodes has granted the underwriters a 30-day option to purchase up to an additional 390,000 ordinary shares. The offering is expected to close on June 9, 2020, subject to customary closing conditions.

AudioCodes intends to use the proceeds from the offering for general corporate purposes, including, among other... More