Digi International Inc. | Stephens

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Co-Manager

Digi International Inc.

$68 Million 03/04/2021 Internet of Things Complete
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Transaction Details

  • On March 4, 2021, Digi International Inc. (“Digi” or the “Company”) announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at a price to the public of $19.50 per share
    • The offering consisted of 100% primary shares
    • The Company also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock
  • Digi intends to use the net proceeds from the offering for working capital and general corporate purposes
    • Digi may also use the net proceeds to acquire or invest in complementary businesses, products and technologies, although the Company has no specific agreements, commitments or understandings to do so at this time

About the company

Digi International Inc.
Digi International Inc. (Nasdaq: DGII) is a leading global provider of IoT connectivity products, services and solutions. Digi helps its customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped its customers connect over 100 million things and growing.

Sources: Company filings and press release
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  2. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/854775/000110465921030778/tm217969-3_424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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