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Date Announced: 27 Dec 2010
Optoelectronics company raises net proceeds of nearly $118 million in latest offering.
SUNNYVALE, CA--(Marketwire - 12/27/10) - Finisar Corporation (NASDAQ:FNSR - News), a global technology leader for subsystems and components for fiber optic communications, today announced the closing of its previously announced public offering of 4,140,000 shares of its Common Stock at a price to the Company of $28.54 per share. Today's closing included the sale of the 3,600,000 shares originally offered by the Company as well as 540,000 additional shares sold by the Company upon the full exercise of the underwriter's over-allotment option. Total gross proceeds of the offering were $118,155,600. Net proceeds to the Company were $117,900,000, after deducting estimated offering expenses.
Credit Suisse Securities (USA) LLC served as sole underwriter for the offering.
The offering was made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Source: Finisar
E-mail: Investor.relations@finisar.com
Web Site: www.finisar.com
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