GLASTONBURY, Ct. - (06/09/04) -- Open Solutions Inc. said it raisedan additional $13.6 million in capital with a previously announcedsecondary stock offering through the exercise of an underwritersover-allotment of 665,000 shares at the offering price of $21.50 ashare, minus an underwriting discount of $1.07. The company alsosold one million shares in the offering to raise $21.5 million.Another 3.5 million shares were sold by investors in the company,including venture funds for KeyCorp., Aetna Life Insurance,Connecticut Innovations and Axiom Venture Partners, both Hartford,Ct., venture firms.
Open Solutions Raises AdditionalFunding
June 09, 2004, 1:00 a.m. EDT 1 Min Read
