- Clearfield ( NASDAQ: CLFD ) on Tuesday announced that it intends to sell $100 million of its common stock in an underwritten public offering.
- Clearfield also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its common stock in the underwritten public offering.
- The net proceeds from the offering will be used for working capital and general corporate purposes.
- Cowen and Needham & Company are acting as joint book-running managers for the offering.
For further details see:
Clearfield announces $100M stock offering