Ribbon Communications raises ~$52M in private placement at $3.05/share

Ribbon Communications Inc.

Gross proceeds of ~$52M from issuance of ~17.07M shares at $3.05/share.
Investors include Neuberger Berman, JPMorgan Chase, Swarth Investments, Heights Capital.
Net proceeds for general corporate purposes, capex, working capital, debt repayment.
Placement expected to close Aug 16, 2022; Evercore as sole placement agent.

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