Intermedia Cloud Communications, Inc. announced that it has entered into a securities purchase agreement with NEC Corporation for a private placement of common shares for a gross proceeds of $40,000,000 on October 20, 2021. The shares have a face value of $0.001 per shares and will be issued at the initial public offering price per share. The closing shall occur concurrently with, and is conditioned upon consummation of, this offering.

The closing of the transaction is subject to customary closing conditions and neither party to the agreement having terminated the agreement in accordance with its terms. The shares to be issued pursuant to the transaction are subject to the restriction period of 180 days from the date of this prospectus, subject to certain exceptions.