Towerstream Corporation just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
424B4 1 twer20160916_424b4.htm FORM 424B4 twer20160803_s1.htm Filed pursuant to Rule 424(b)(4) Registration No. 333-212995 2,962,963 Shares of Common Stock Towerstream Corporation is offering $4,000,000 of shares of its common stock pursuant to this prospectus. Our common stock is presently quoted on The NASDAQ Capital Market (“NASDAQ”) under the symbol “TWER”. On September 15, 2016, the last reported sale price for our common stock on NASDAQ was $1.82 per share. Our business and an investment in our securities involve a high degree of risk. See “Risk Factors” beginning on page 7 of this prospectus for a discussion of information that you should consider before investing in our securities. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Per Share Total Public offering price $ 1.3500 $ 4,000,000 Underwriting discount (1) $ 0.0945 $ 280,000 Proceeds, before expenses, to us (2) $ 1.2555 $ 3,720,000 (1) We have agreed to reimburse the underwriter for certain of its reasonable out-of-pocket expenses. See “Underwriting” beginning on page 68 for more information on this offering and the underwriting arrangements. (2) We estimate the total expenses of this offering payable by us, excluding the underwriting discount, will be approximately $375,000. All costs associated with the registration will be borne by us. The underwriters may also purchase up to an additional 15% of shares of our common stock within 45 days from the date of this prospectus to cover over-allotments, if any. The underwriter expects to deliver the shares against payment therefor on or about September 21, 2016. Sole Book Running Manager Laidlaw & Company (UK) Ltd. The date of this prospectus is September
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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