Cambium Networks Corporation announces the launch of a secondary release


Rolling Meadows, Illinois, June 1, 2021 (Global News Agency) – Cambium Networks Corporation (NASDAQ:CMBM) (“Cambium”), the world’s leading provider of wireless network infrastructure, today announced that it has initiated the underwriting of the second public offering. Vector Cambium Holdings (Cayman), LP (“VCH, LP”) has sold 2,000,000 common shares. Owned by Vector Capital and some of its affiliates (referred to as “Vector Capital” together with VCH and LP). In addition, Vector Capital intends to grant underwriters a 30-day option to purchase up to 300,000 shares of common stock at a public offer price, minus underwriting discounts and commissions.

Cambium will not sell any shares and will not receive any proceeds from such issuance.

JPMorgan Chase Securities Co., Ltd. acted as the main bookkeeper and underwriter representative for this issuance. Jefferies LLC and Raymond James & Associates, Inc. will act as bookrunners for this issue.

The issuance will only be supplemented by the prospectus and prospectus.If available, you can obtain the prospectus and supplementary copies of the prospectus from JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, call 866-803-9204, or send an email to Prospectus

The registration statement related to the shares sold in this offering has been submitted to and declared effective by the US Securities and Exchange Commission.

This press release does not constitute an offer to sell these securities or an offer to purchase these securities, nor may they be sold in any state or jurisdiction where such offers, solicitations, or sales are registered or based on The securities laws of any such state or jurisdiction qualify these securities.

About Cambium Networks

Cambium Networks provides wireless communications for businesses, communities and cities around the world. We have deployed millions of radios to connect people, places, and things through a unified wireless structure that spans multiple standards and fixed wireless and Wi-Fi frequencies, all of which are centrally managed through the cloud. Compared with traditional optical fiber and alternative wireless solutions, our multi-gigabit wireless architecture provides an attractive value proposition. We work with ConnectedPartners certified by Cambium to provide specially constructed networks for service providers, enterprises, industries and government connectivity solutions in urban, suburban and rural environments. The wireless network is just right.

Peter Schumann, IRC
Senior Director of Investor and Industry Analyst Relations
Cambium network
+1 (847) 264-2188

Main logo


Source link

Recommended For You

About the Author: News Center