Bookham Announces $23.5 Million Private Placement of Common Stock: Financial News - Yahoo! Finance

"Bookham, Inc. (Nasdaq: BKHM - News), today announced that it has entered into a definitive agreement for the private placement of 8,696,000 newly issued shares of common stock at $2.70 per share, and warrants to purchase 2,174,000 shares of common stock, with selected institutional investors, for gross proceeds of approximately $23.5 million. The warrants, which have a term of five years and will become exercisable after March 1, 2007, have an exercise price of $4.00 per share. This represents a premium of approximately 26 percent over the closing price of the Company's common stock on August 31, 2006. Cowen & Company, LLC, acted as the sole placement agent for this offering.Bookham, Inc. (Nasdaq: BKHM - News), today announced that it has entered into a definitive agreement for the private placement of 8,696,000 newly issued shares of common stock at $2.70 per share, and warrants to purchase 2,174,000 shares of common stock, with selected institutional investors, for gross proceeds of approximately $23.5 million. The warrants, which have a term of five years and will become exercisable after March 1, 2007, have an exercise price of $4.00 per share. This represents a premium of approximately 26 percent over the closing price of the Company's common stock on August 31, 2006. Cowen & Company, LLC, acted as the sole placement agent for this offering."