Updated: Datalink Plans Public Offering of 3m Shares to Free up Cash for Acquisitions



Via News Release

Datalink Corporation (NASDAQ: DTLK), a leading provider of data center infrastructure and services, today announced that it intends to offer shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement for an offering of 2,200,000 shares by Datalink and an additional 800,000 shares by the selling shareholder.

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. Any amount of the net proceeds of this offering not used for acquisitions will be used for general corporate purposes. Datalink will not receive any proceeds from the sale of shares by the selling shareholder.”

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Updated 3/10 – Datalink prices the offering at $5.75/share, for a maximum raise of $17.25m