Business
AudioCodes Announces Pricing of Public Offering of Ordinary Shares
LOD, Israel , June 4, 2020 /PRNewswire/ -- AudioCodes (NASDAQ: AUDC) today announced the pricing of an underwritten public offering of 2,600,000 ordinary
About this update from Audiocodes Ltd.
[{"type":"text","content":"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.\nAudioCodes intends to use the proceeds from the offering for general corporate purposes, including, among other things, working capital requirements and possible future acquisitions. AudioCodes has no agreements or understandings with respect to any acquisition or investment at this time.\nBofA Securities and Citigroup are acting as lead bookrunners and representatives of the underwriters for this offering. Barclays Capital Inc. and Jefferies LLC are also acting as bookrunners and Needham & Company, LLC is acting as co-manager in the offering.\nAudioCodes has filed a preliminary prospectus supplement to its shelf registration statement on Form F-3 with the SEC for the offering of its ordinary shares. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. The offering will be made only by means of a prospectus supplement and the accompanying prospectus. When available, a copy of the final prospectus supplement relating to the offering and accompanying prospectus may be obtained from: \nBofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department or via email [email protected]; and Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone: 1-800-831-9146 or via email [email protected] offering of these securities is being made under an effective shelf registration statement on file with the SEC. The registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration ...