Limelight Networks Announces Pricing of Public Offering
Limelight Networks, Inc. (LLNW)
Last limelight networks, inc. earnings: 4/23 04:01 pm
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Source: Business Wire
TEMPE, Ariz.--(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 s
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