Towerstream sets $40M stock offering

Sale of 10 million shares at $4/share expected to close Monday 6/11

[Middletown-based] Towerstream Corp. (Nasdaq: TWER), a provider of fixed WiMax services, today announced an offering of $40 million in common stock.

“The proceeds from this offering will provide us with the capital to build out our target markets and solidify our position as a WiMAX leader,” [President and CEO Jeff] Thompson said.

Full Story: Towerstream sets $40M stock offering Source: Providence Business News, June 6th, 2007

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