Datalink Closes on $17.4m Follow-on Public Offering for Acquisition Capital



Via News Release

Datalink Corporation (NASDAQ: DTLK) today announced the closing of its previously announced underwritten public offering of common stock at a public offering price of $5.75 per share. The underwriters exercised, in full, their option to purchase up to an additional 556,500 shares to cover over-allotments, resulting in a total sale of 4,266,500 shares of common stock. Of the 4,266,500 shares, Datalink sold 3,306,500 shares and the selling shareholder sold 960,000 shares.

The net proceeds from the sale of the shares to Datalink, after underwriting discounts and commissions and other offering expenses, are approximately $17.4 million. Datalink intends to use the net proceeds from the offering for potential acquisitions of other businesses that will complement its current business model and growth plans. “

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