VANCOUVER, British Columbia-Sierra Wireless Inc. said it has priced its public offering of 4 million shares, announced Nov. 4, at $16.25 per share.
Gross proceeds from the offering will be $65 million, or $74.8 million if the underwriters-Lehman Brothers Inc. and CIBC World Markets Inc.-fully exercise their over-allotment option of 600,000 common shares. Sierra Wireless plans to use the proceeds for working capital and general corporate purposes, including acquisitions.
