- Towerstream (OTCPK:TWER) moves into positive ground, +1.7%, after noting the underwriter in its recent public offering has exercised full over-allotment rights, opting to buy an additional 444,444 shares of common stock.
- The overallotment comes at $1.35/share; Towerstream's at $1.17 now.
- Laidlaw acted as sole book-runner. With the over-allotment, the company issued just over 3.407M shares of common stock for gross proceeds of about $4.6M.
Over-allotment exercised on Towerstream offering
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About TWER Stock
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Symbol | Last Price | % Chg |
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TWER | - | - |
Towerstream Corporation |