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QUMU - Qumu readies $20M underwritten public offering
Qumu Corporation
Qumu (QUMU) launched an underwritten registered public offering of $20M; underwriters granted 30-day option to purchase up to an additional $3M of stock or 15% of the shares.Offer size, terms have not yet been disclosed.Net proceeds to be used for general corporate purposes.Shares trading 7.4% lower after hours.