Numerex reports plans to price public offering of its common shares

Needham helps finance general corporate purposes and working capital

By Devika Patel

Knoxville, Tenn., Jan. 22 - Numerex Corp. plans to price a public offering of common stock with a 30-day greenshoe, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.

Needham & Co. is the bookrunning manager, and Craig-Hallum Capital Group is the co-manager.

Proceeds will be used for working capital and general corporate purposes.

Based in Atlanta, Numerex provides software for wireless networking.

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