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Stock impact report

Casa Systems Announces Launch of Proposed Public Offering

Casa Systems, Inc. (CASA) 
Last casa systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
ANDOVER, Mass., April 23, 2018 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a provider of software-centric solutions for next generation centralized, distributed and virtualized architectures for cable broadband, fixed-line broadband and wireless networks, today announced that it has commenced a follow-on public offering of 7,350,000 shares of common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission.  All of the shares are being offered by certain stockholders of the company.  In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,102,500 shares of common stock from the selling stockholders.  The company will not receive any of the proceeds from the sale of shares by the selling stockholders. In connection with the public offering, Morgan Stanley & Co. LLC, on behalf of the underwriters for the company’s initial public offering, has agreed to release the restrictions under the Show less Read more
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