Towerstream expects $36M from stock offering

TOWERING ABOVE: A rendering is of the Towerstream's Wi-Fi offload network, a pilot program underway in Manhattan. /
TOWERING ABOVE: A rendering is of the Towerstream's Wi-Fi offload network, a pilot program underway in Manhattan. /
(Updated, July 18) MIDDLETOWN – 4G service provider Towerstream (Nasdaq: TWER) said that it is holding a stock offering expected to gross $36 million in order to expand its Wi-Fi network, among other purposes. The offering of 9 million shares of its common stock is priced at $4 per share, the company said on Friday.…

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