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RIBBON COMMUNICATIONS INC.

(RBBN)
  Report
Delayed Nasdaq  -  04:00 2022-09-23 pm EDT
2.450 USD   -8.58%
09/22Top Premarket Gainers
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Ribbon Communications Inc. announced that it expects to receive $52.0025 million in funding from Neuberger Berman BD LLC, Heights Capital Management, Inc., JPMorgan Chase & Co., Swarth Investments L.L.C.

08/12/2022 EDT

Ribbon Communications Inc. announced that it has entered into securities purchase agreement for the issue of 17,050,000 shares of common stock at a price of $3.05 for gross proceeds of $52,002,500 led by Neuberger Berman BD LLC on August 12, 2022. The transaction will include participation from Heights Capital Management, Inc., returning investors JPMorgan Chase & Co., and Swarth Investments L.L.C. The transaction is expected to close on or about August 16, 2022, subject to customary closing conditions. The securities were offered in the transaction under Section 4(a)(2) of the Securities Act of 1933, as amended, and have not been registered under the Securities Act, or applicable state securities laws.

The company will issue securities pursuant to exemption provided under Regulation D.


© S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
JPMORGAN CHASE & CO. -1.86% 109.14 Delayed Quote.-31.08%
RIBBON COMMUNICATIONS INC. -8.58% 2.45 Delayed Quote.-59.50%
All news about RIBBON COMMUNICATIONS INC.
09/22Top Premarket Gainers
MT
09/21Ribbon Optical Networking Solution Honored In 2022 Diamond Technology Reviews
AQ
09/20Paritel Selects Ribbon to Comply with French Government Mandate to Combat Robocalls, Fr..
AQ
09/20Paritel Selects Ribbon to Comply with French Government Mandate to Combat Robocalls, Fr..
CI
09/19RIBBON COMMUNICATIONS INC.(NASDAQGS : RBBN) dropped from S&P Telecom Select Industry Index
CI
09/14WestPark Capital Initiates Ribbon Communications at Hold
MT
09/08RIBBON COMMUNICATIONS INC. : Change in Directors or Principal Officers, Financial Statemen..
AQ
09/08Ribbon Appoints Scott Mair to its Board of Directors
AQ
09/08Ribbon Appoints Scott Mair to its Board of Directors
CI
08/25Ribbon Communications Inc. announced that it has received $52.067499 million in funding..
CI
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Analyst Recommendations on RIBBON COMMUNICATIONS INC.
More recommendations
Financials (USD)
Sales 2022 850 M - -
Net income 2022 -206 M - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 410 M 410 M -
Capi. / Sales 2022 0,48x
Capi. / Sales 2023 0,46x
Nbr of Employees 3 685
Free-Float 79,9%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,45 $
Average target price 5,17 $
Spread / Average Target 111%
Managers and Directors
Bruce William McClelland President, Chief Executive Officer & Director
Miguel A. Lopez Chief Financial Officer & Executive Vice President
Shaul Shani Chairman
Jamie Gibson Vice President-Technology & Sales Engineering
Bruns H. Grayson Lead Independent Director
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