2012-09-04 23:26:10 -
SAN JOSE, Calif. - September 4, 2012 - Vocera Communications, Inc. (NYSE: VCRA),
a provider of mobile communication solutions focused on addressing critical
communication challenges facing hospitals, announced today that it has commenced
a public offering of 4,500,000 shares of its common stock. Vocera proposes to
issue and sell an aggregate of 1,000,000 shares of common stock and certain
existing stockholders of Vocera propose to sell an aggregate of 3,500,000 shares
of common stock. The underwriters of the offering will have a 30-day option to
purchase from Vocera and the selling stockholders up to an additional 675,000
shares of common stock, on the same terms and conditions.
Vocera will not
receive any proceeds from the sale of the shares by the selling stockholders.
Vocera expects to use the net proceeds from this offering for general corporate
purposes, including working capital.
J.P. Morgan Securities LLC and Piper Jaffray & Co. will act as lead book-running
managers for the offering, and Robert W. Baird & Co. and William Blair &
Company, LLC will act as co-managers.
In connection with the proposed offering, J.P. Morgan Securities LLC and Piper
Jaffray & Co., the lead book-running managers of Vocera's initial public
offering in March 2012, are releasing a lock-up restriction with respect to
certain shares of Vocera's common stock held by certain officers and directors
of Vocera. The release will take effect concurrently with the completion of the
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus related to the offering may be obtained from J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1 (866) 803-9204; or Piper Jaffray & Co., 800
Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone: 1 (800) 747-3924, or
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Source: Vocera Communications Inc. via Thomson Reuters ONE