Cambium Networks (CMBM) Prices 2.5M Share Secondary Offering at $28/Sh

Cambium Networks Corporation (NASDAQ: CMBM) today announced the pricing of an underwritten secondary public offering of 2,500,000 ordinary shares to be sold by Vector Cambium Holdings (Cayman), L.P. (“VCH, L.P.”), which is owned by Vector Capital and certain of its affiliates (together with VCH, L.P., “Vector Capital”), at a public offering price of $28.00 per share, for total gross proceeds to Vector Capital of approximately $70 million, before deducting underwriting discounts and commissions and offering expenses. The offering is expected to close on December 8, 2020, subject to the satisfaction of customary closing conditions. In addition, Vector Capital has granted the underwriters a 30-day option to purchase up to an additional 375,000 ordinary shares at the public offering price, less underwriting discounts and commissions.

Cambium is not selling any shares and will not receive any proceeds from such offering.

J.P. Morgan Securities LLC is acting as the lead book-running manager for the offering and as representative of the underwriters. Jefferies LLC and Raymond James & Associates, Inc. are acting as book-running managers for the offering. JMP Securities LLC, Northland Securities, Inc., and Roth Capital Partners are acting as co-managers for the offering.

The offering is being made only by means of a prospectus and prospectus supplement.

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