inContact prices public offering of common stock
Sep 14, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Update on September 13, 2012:
inContact, Inc., a US-based software-as-a-service (SaaS) company that provides on-demand call center software and call center agent optimization tools for multi-site contact centers and CRM workforces, has priced an underwritten public offering of 7 million shares of its common stock at a price of $5 per share to raise gross proceeds of $35 million.
inContact has also granted the underwriter a 30-day option to purchase up to an additional 1 million shares of its common stock to cover overallotments, if any.
The offering is expected to close on September 18, 2012.
Announcement (September 12, 2012):
inContact is planning to issue shares of its common stock in an underwritten public offering.
In connection with the offering, inContact is planning to grant the underwriter a 30-day option to purchase additional shares of common stock to cover overallotments, if any.
Piper Jaffray & Co. is acting as sole manager for the offering.
Deal Value (US$ Million) 35
Deal Type IPO
Sub-Category Secondary Offering,Pricing
Deal Status Announced: 2012-09-12
Target (Company) inContact, Inc.
inContact intend to use the net proceeds from the offering for general corporate purposes, including capital expenditures on cloud facilities and infrastructure, marketing, client services and development of intellectual property.
It may also use a portion of the net proceeds to acquire or invest in businesses, services, and technologies.
Offer Price ($ per share) 5
No. Shares Issued 7000000
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