Skip to content

Sonic Solutions to Raise $27 Million

Sonic Solutions announced the public offering of 3 million shares of its common stock at $9.70 per share.

According to the statement, the company will receive approximately $27.2 million (net fees and other expenses) and intends to use the proceeds primarily for general corporate purposes.

Sonic has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares to cover any over-allotments. The offering is expected to close on December 22, 2009.

Sonic Solutions trades on the NASDAQ under the symbol SNIC.

For more information visit: