Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $3.5 Million Public Offering
Press Release – New York, NY – March 20, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it represented Pareteum Corporation (NYSEMKT: “TEUM”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in an underwritten public offering of 2,333,334 shares of common stock at a public offering price of $1.50 per share together with the issuance of 1,166,667 five year warrants to purchase common stock with an exercise price of $1.87.
In addition, the underwriters exercised the over-allotment option to purchase an additional 109,133 warrants to purchase common stock, for aggregate gross proceeds, excluding any proceeds on the exercise of the warrants, of $3.5 million. Joseph Gunnar & Co.LLC. acted as the sole book-running manager for the offering.
The Sichenzia Ross Ference Kesner LLP team was led by partners Darrin Ocasio, Arthur Marcus, Cheryll Calaguio and associate Evan Berger.
Visit SRF's LinkedIn page
Latest posts by Sichenzia Ross Ference LLP (see all)
- Sichenzia Ross Ference Partner Jay Kaplowitz Quoted in Washington Post Article - October 18, 2018
- Sichenzia Ross Ference LLP Acts as General Counsel in Rusoro Mining Limited’s $1.28 Billion Settlement with Venezuela - October 15, 2018
- Sichenzia Ross Ference LLP Represents Rodman & Renshaw a Unit of H.C Wainwright in a $15 Million Upsized Public Offering of Medical Transcript Billing, Corp. - October 15, 2018