Money Makers Mentor

Crexendo to Offer More Shares of Its Stock

Telecommunications and web service company Crexendo, Inc. (NASDAQ: CXDO) filed paperwork with the SEC to make an additional 3.5 million shares of common stock available for public trading. B. Riley Securities, Inc, and Colliers Securities LLC are acting as the joint book-running managers of this offering. Altogether, they have committed to purchase all 3.5 million shares other than those shares covered by the over-allotment option. The underwriters have been granted an option to purchase up to an additional 262,500 shares of common stock from Crexendo at the same price to the public, and with the same underwriting discount.

However, the underwriters’ discounts have not been made public as of yet. The underwriters may exercise this option any time during the 30-day period after the dat…

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