secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001104659-22-091826
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922091826/0001104659-22-091826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922091826/tm2223504d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-091826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer