RBBN - Ribbon Communications files for $250M mixed shelf offering
2023-04-04 18:29:17 ET
- Ribbon Communications ( NASDAQ: RBBN ) on Tuesday filed for a mixed shelf offering of up to $250M.
- The offering may include common stock, preferred stock, debt securities, warrants, units, depositary shares and subscription rights.
- The filing does not necessarily indicate that a sale has begun or will occur in the future.
- RBBN last Thursday completed a $55M preferred stock private placement financing, with participation from RBBN's three largest stockholders - Neuberger Berman client funds, JPMorgan and Swarth Investments.
- Ribbon ( RBBN ) stock was down 1.5% to $3.21 after hours.
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Ribbon Communications files for $250M mixed shelf offering