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Pareteum Announces Pricing of $12,000,000 Firm Commitment Public OfferingNEW YORK, Nov. 7, 2017 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM),("Pareteum" or the "Company"), today announced the pricing of a firm commitment public offering of 13,043,478 shares of its common stock (and/or shares of preferred stock, each of which shares is an equivalent of 1,000 shares of common stock) and warrants to purchase up to 6,521,739 shares of common stock. The offering was priced at $0.92 per share of common stock, with each share of common stock (and its common stock equivalent) sold with one five-year warrant to purchase 0.50 of one share of common stock, at an exercise price of $1.05 per whole share of common stock. The Company expects to receive net proceeds from the offering of approximately $10.6 million, after deducting the applicable underwriting discount and estimated offering expenses payable by the Company. The offering is expected to close on November 9, 2017, subject to customary closing conditions. In addition, the Company has granted the underwriters a 45-day over-allotment option to purchase up to an additional 1,956,522 shares of common stock and/or warrants to purchase up to 978,261 shares of our common stock. Dawson James Securities, Inc. is serving as the sole bookrunner for the offering. The Company intends to use net proceeds from the offering for general working capital and corporate purposes. A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and became effective on November 6, 2017. The offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating t this offering may be obtained by contacting Dawson James Securities, Inc., Attention: Prospectus Department, 1 North Federal Highway, 5th Floor, Boca Raton, FL 33432, [email protected] or toll free at 866.928.0928, or by accessing the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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. About Pareteum Corporation Forward Looking Statements: Pareteum Investor Relations Contact:
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