Wednesday, February 27, 2013

Meru Expects $12 Million in Secondary Offering

Meru Networks announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a purchase price of $4.00 per share. Gross proceeds, before deducting the underwriting discounts and commissions and offering expenses payable by Meru, are expected to be approximately $12 million.