Market Overview

Numerex Corp Announces Proposed Public Offering of Common Stock

Numerex Corp (NASDAQ: NMRX) today announced that it is offering to sell shares of its common stock in an underwritten public offering. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group, LLC is acting as co-manager.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

All shares in the offering are being sold by Numerex pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC"). A preliminary prospectus supplement relating to the offering has also been filed with the SEC and is available on the SEC's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained, when available, from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, (212) 903-3268.

Posted-In: News Offerings

 

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