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Vocera Communications Inc.: Vocera Announces Commencement of Public Offering and Partial Release of Lock-up Agreements with Certain Officers and Directors


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Copyright © Thomson Reuters 2012. All rights reserved.
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 offering. 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 email: prospectus@pjc.com. Contact: Bob East Westwicke Partners 443-213-0502 bob.east@westwicke.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Vocera Communications Inc. via Thomson Reuters ONE [HUG#1638662]


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