OWINGS MILLS, Md.-Aether Systems Inc. completed its secondary offering and concurrent convertible debt offering, raising approximately $1.4 billion.
The company reported it sold 5.4 million shares of common stock, including shares sold pursuant to exercise of the underwriters’ over-allotment option, at $205 per share for gross proceeds of approximately $1.1 billion.
Aether also issued about $311 million of 6-percent convertible subordinated notes due 2005. The notes will be convertible at the option of the holders into shares of the company’s common stock.
