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Telos Corporation Completes Follow-On OfferingASHBURN, Va., April 06, 2021 (GLOBE NEWSWIRE) -- Telos® Corporation (“Telos”) (Nasdaq: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, announced today the closing of its follow-on offering (the “Offering”) of 9,090,909 shares of common stock at a price of $33.00 per share, including a secondary public offering of 7,040,909 shares of common stock by certain existing stockholders of Telos (the “Selling Stockholders”). The Offering included a full exercise of the underwriters’ option to purchase additional shares of common stock at the offering price, less underwriting discounts and commissions, to cover over-allotments. After giving effect to the full exercise of the option, the gross proceeds to Telos increased to $64,605,750. Telos did not receive any proceeds from the shares of common stock sold by the Selling Stockholders. B. Riley Securities, BMO Capital Markets, and Needham & Company acted as joint bookrunners for the offering. D.A. Davidson & Co., Wedbush Securities, Colliers Securities LLC, Northland Capital Markets, and MKM Partners served as co-managers for the Offering. The shares of common stock described above were offered by Telos and the Selling Stockholders pursuant to a “shelf” registration statement that was filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021, which was automatically effective upon filing, and a final prospectus supplement. The Offering has been made only by means of a prospectus. Copies of the final prospectus relating to this Offering may be obtained from: B. Riley Securities, Inc., Attn: Prospectus Department, 1300 North 17thStreet, Suite 1300, Arlington, VA 22209, telephone: (703) 312-9580, or by emailing [email protected]; BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, telephone: (800) 414-3627, or by emailing [email protected]; or Needham & Company, LLC, Attn: Prospectus Department, 250 Park Avenue, 10th Floor, New York, NY 10177, telephone: (800) 903-3268, or by emailing [email protected]. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state 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. Forward-Looking Statements About Telos Corporation Media: Investors:
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