Limelight Networks Announces Launch of Public Offering
01 Marzo 2018 - 11:07PM
Business Wire
Limelight Networks, Inc. (NASDAQ: LLNW) (the “Company”), a
global leader in digital content delivery, announced today the
launch of an underwritten public offering of 15,272,493 shares of
its common stock by certain selling stockholders affiliated with
The Goldman Sachs Group, Inc. (the “Selling Stockholders”).
In addition, the Company announced that it has agreed to
repurchase 1,000,000 shares of its common stock directly from the
underwriter and may, if the Company and underwriter agree,
repurchase up to an additional 527,249 shares of its common stock
directly from the underwriter, concurrently with the closing of the
offering. The underwriter may reduce the number of shares to be
repurchased by the Company in its discretion. If the Company
effects the share repurchase, the share repurchase will be effected
at a price per share equal to the price per share being paid by the
underwriter to the Selling Stockholders in the offering. The
Company expects to use cash on hand to fund the share repurchase.
The closing of the share repurchase is contingent on the closing of
the offering. The closing of the offering is not contingent on the
closing of the share repurchase.
B. Riley FBR, Inc. will act as sole book-running manager for the
offering.
The offering will be made only by means of a prospectus and
prospectus supplement. You may obtain these documents for free by
visiting EDGAR on the Securities and Exchange Commission’s website
at www.sec.gov. Alternatively, the prospectus and prospectus
supplement may be obtained from B. Riley FBR, Inc., Attention:
Prospectus Department, 1300 17th St. North, Ste. 1300, Arlington,
VA 22209, e-mail: prospectuses@brileyfbr.com, telephone:
800-846-5050.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About LimelightLimelight Networks, Inc., (NASDAQ: LLNW),
a global leader in digital content delivery, empowers customers to
better engage online audiences by enabling them to securely manage
and globally deliver digital content, on any device. The company’s
Limelight Orchestrate Platform includes a global infrastructure
with a fully-integrated suite of capabilities and services to help
you address all your content delivery needs. The Orchestrate
Platform solves your most important content delivery challenges so
you can deliver the next great digital experience anywhere. For
more information, visit www.limelight.com, follow us on
Twitter, Facebook and LinkedIn.
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version on businesswire.com: http://www.businesswire.com/news/home/20180301006618/en/
Limelight Networks, Inc.Sajid Malhotra, 602-850-5000Chief
Financial Officerir@llnw.com
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