Finisar Closes Public Offering of Common Stock
SUNNYVALE, Calif., Jan. 7, 2011 — Finisar Corp. announced the closing of its previously announced public offering of 4,140,000 shares of its Common Stock for $28.54 per share.
The closing included the sale of 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.
The company’s total gross proceeds of the offering were $118,115,600. In addition, the company’s net proceeds were $117,900,000 after deducting estimated offering expenses.
Credit Suisse Securities (USA) LLC was the sole underwriter for the offering.
Finisar Corp. provides fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless and cable TV applications.
For more information, visit: www.finisar.com