Limelight Networks(R) Announces Pricing of Public Offering of Common Stock
25 Febbraio 2011 - 3:00PM
Limelight Networks, Inc. (Nasdaq:LLNW) today announced that it has
priced its previously announced underwritten public offering of
10,000,000 shares of its common stock, at a price to the public of
$7.10 per share. The gross proceeds to Limelight, before deducting
underwriting discounts and commissions and other estimated offering
expenses, are expected to be approximately $71 million. The
offering is expected to close on or about March 2, 2011,
subject to satisfaction of various customary closing
conditions. Limelight also announced it has granted the
underwriters a 30-day option to purchase at the public offering
price up to an additional 1,500,000 shares of its common stock to
cover overallotments, if any.
Jefferies & Company, Inc. and Piper Jaffray& Co. are
acting as joint book-running managers for the offering. FBR Capital
Markets Corporation., D.A. Davidson & Co. and Wedbush
Securities Inc. are acting as co-managers for the offering.
A shelf registration statement relating to the shares was
previously filed with the Securities and Exchange Commission (the
"SEC") and declared effective on November 26, 2010. A preliminary
prospectus supplement related to the offering has been filed with
the SEC and is available on the SEC's website located at
http://www.sec.gov. Copies of the final prospectus supplement and
the accompanying prospectus relating to this offering, when
available, may be obtained from Equity Syndicate Prospectus
Department, Jefferies & Company, Inc., 520 Madison Avenue, 12th
Floor, New York, NY, 10022, at 877-547-6340, and at
Prospectus_Department@Jefferies.com, or from Piper Jaffray &
Co., 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, at
800-747-3924.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
Safe-Harbor Statement
This press release contains forward-looking statements
including, without limitation, Limelight's ability to raise capital
through the sale of securities under the proposed public
offering. These statements involve risks and uncertainties
that could cause our actual results to differ materially from
those in the forward-looking statements, including, but not limited
to: changes in market conditions for its common stock; changes in
operations, financial results and economic conditions that limit
Limelight's ability to raise additional capital; the satisfaction
of customary closing conditions; unexpected changes in Limelight's
operations that impact its use of proceeds from the sale of
securities under the registration statement; and other risks
described in Limelight's filings with the SEC. For a detailed
description of the risk factors of Limelight, please refer to the
risks described in the prospectus supplement and in Limelight's
most recent annual report on Form 10-K and quarterly report on Form
10-Q and other filings with the SEC. Limelight assumes no duty or
obligation to update or revise any forward-looking statements for
any reason.
About Limelight Networks, Inc.
Limelight Networks, Inc. (Nasdaq:LLNW) provides solutions that
enable business and technology decision makers to profit from the
shift of content and advertising to the online world, the explosive
growth of mobile and connected devices, and the migration of IT
applications and services into the cloud. Over 1800 customers
worldwide use Limelight's scalable software services to engage
audiences, enhance brand presence, analyze viewer preferences,
optimize advertising, manage and monetize digital assets, and
ultimately build stronger customer relationships.
Copyright (C) 2011 Limelight Networks, Inc. All rights
reserved. All product or service names are the property of their
respective owners.
CONTACT: Paul Alfieri of Limelight Networks, Inc.
+1-646-875-8835
palfieri@llnw.com
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