Limelight Networks Announces Pricing of Public Offering
02 Marzo 2018 - 2:08PM
Business Wire
Limelight Networks, Inc. (NASDAQ: LLNW) (the “Company”), a
global leader in digital content delivery, announced today the
pricing of a 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”) at a price to the
public of $3.97 per share. Limelight Networks will not receive any
proceeds from the offering. The offering is expected to close on
March 6, 2018, subject to customary closing conditions.
In addition, the Company has agreed to repurchase 1,000,000
shares of its common stock directly from the underwriter
concurrently with the closing of the offering. 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 and is expected to occur on March 6,
2018.
B. Riley FBR, Inc. acted as sole book-running manager for the
offering.
The offering will be made only by means of a prospectus. Copies
of the final prospectus related to the offering may be obtained,
when available, 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 Limelight
Limelight 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/20180302005276/en/
Limelight Networks, Inc.Sajid Malhotra, 602-850-5000Chief
Financial Officerir@llnw.com
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