Rosetta Stone (RST) announces a 3.5M share secondary offering. The selling stockholders, ABS...


Rosetta Stone (RST) announces a 3.5M share secondary offering. The selling stockholders, ABS Capital Partners IV Trust and Norwest Equity Partners VIII, LP, are offering 3,490,000 shares, with Rosetta Stone rounding it out with 10,000 shares. RST intends to use the net proceeds from its 10K shares to pay for the fees and expenses incurred in connection with the offering. The company will not receive any proceeds from the sale of the shares offered by the selling stockholders. Shares -1.6% AH.

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