Cambium Networks Corporation Announces Launch of Secondary Offering
Cambium Networks Corporation (CMBM) announced a secondary public offering of 2,000,000 ordinary shares, solely by Vector Cambium Holdings (VCH, L.P.), affiliated with Vector Capital. The underwriter has a 30-day option to acquire an additional 300,000 shares. Cambium will not sell any shares nor receive proceeds from this offering. J.P. Morgan Securities LLC acts as the lead book-running manager. The registration statement for the offering has been filed and declared effective by the SEC, but it does not constitute an offer to sell or solicitation in jurisdictions where it's unlawful.
- None.
- Cambium will not receive any proceeds from the share offering, which may limit its ability to fund growth initiatives.
ROLLING MEADOWS, Ill., June 01, 2021 (GLOBE NEWSWIRE) -- Cambium Networks Corporation (Nasdaq: CMBM) (“Cambium”), a leading global provider of wireless networking infrastructure, today announced that it has launched an underwritten secondary public offering of 2,000,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”). In addition, Vector Capital intends to grant the underwriter a 30-day option to purchase up to an additional 300,000 ordinary shares at the public offering price, less underwriting discounts and commissions.
Cambium is not selling any shares and will not receive any proceeds from such offering.
J.P. Morgan Securities LLC is acting as the lead book-running manager for the offering and as representative of the underwriters. Jefferies LLC and Raymond James & Associates, Inc. will act as book-running managers for the offering.
The offering will be made only by means of a prospectus and prospectus supplement. When available, a copy of the prospectus and prospectus supplement may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204, or by email at prospectuseq_fi@jpmorganchase.com.
A registration statement relating to the shares being sold in this offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 of these securities under the securities laws of any such state or jurisdiction.
About Cambium Networks
Cambium Networks delivers wireless communications that work for businesses, communities and cities worldwide. Millions of our radios are deployed to connect people, places and things with a unified wireless fabric that spans multiple standards and frequencies of fixed wireless and Wi-Fi, all managed centrally via the cloud. Our multi-gigabit wireless fabric offers a compelling value proposition over traditional fiber and alternative wireless solutions. We work with our Cambium certified ConnectedPartners to deliver purpose-built networks for service provider, enterprise, industrial, and government connectivity solutions in urban, suburban, and rural environments, with wireless that just works.
Contacts:
Investors:
Peter Schuman, IRC
Sr. Director Investor & Industry Analyst Relations
Cambium Networks
+1 (847) 264-2188
Peter.schuman@cambiumnetworks.com
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