Market Overview

ORBCOMM Prices 5.5M Share Offering at $6.15/Share

ORBCOMM (Nasdaq: ORBC) announced today that it priced its
underwritten registered public offering (“Offering”), subject to market
and other conditions, of 5,500,000 shares of its common stock, par value
$0.001 per share, at a price of $6.15 per share. In connection with the
Offering, ORBCOMM has granted the underwriters an over-allotment option
to purchase up to 825,000 additional shares of its common stock. ORBCOMM
is offering all of the shares and will receive all the net proceeds of
the Offering. The Offering is expected to close on January 23, 2014,
subject to customary closing conditions.

See full press release

Posted-In: News Guidance Offerings Contracts Management Global

 

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