Global Legal Chronicle: Ribbon Communications’ US$55 Million Series A Preferred Stock Private Placement Financing
May 8, 2023
O’Melveny advised B. Riley Securities, Inc., a leading middle market investment bank, as sole placement agent in connection with the private placement financing of Series A preferred stock and warrants of Ribbon Communications Inc., a global provider of real time communications technology and IP optical networking solutions. Ribbon issued 55,000 shares of Series A preferred stock, along with warrants to purchase nearly 4.86 million shares of common stock, resulting in gross proceeds of approximately US$53.4 million. The O’Melveny team was led by partner and Corporate Department co-chair C. Brophy Christensen, partner and Capital Markets Practice chair Jeeho Lee, partner Alex Anderson, counsel Dawn Lim, and associates Andi Hasaj, Bryce May, and Hayley Wolf.
Read the full article here.