Ooma Secures $65,000,000 New Funding Round

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  • Company Name
  • Mailing Address
    1880 Embarcadero Rd. Palo Alto, CA 94303 USA
  • Company Description
    Ooma (NYSE: OOMA) is a breakthrough technology start-up, based in Palo Alto, CA which is committed to transforming the landscape of consumer telephony.
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  • Transaction Amount
  • Transaction Round
  • Proceeds Purposes
    We currently will use the net proceeds to us from this offering primarily for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters, capital expenditures and further development of our solutions. Approximately $0.9 million of the net proceeds from this offering, based upon the assumed initial public offering price of $17.00 per share (the midpoint of the estimated offering price range set forth on the cover page of this prospectus), may be paid to the holder of a warrant exercisable for 70,287 shares of our Series Alpha convertible preferred stock, which may be exercised or settled in cash, net of the aggregate exercise price, upon the closing of this offering. We intend to use approximately $10.7 million of the net proceeds from this offering to repay the outstanding principal and accrued interest on our existing loans with Silicon Valley Bank, which is the balance as of April 30, 2015, (assuming such repayment takes
  • M&A Terms

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