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Global Legal Chronicle: Ribbon Communications’ US$55 Million Series A Preferred Stock Private Placement FinancingMay 08, 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.
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