ViaSat Commences 6.5 Mln Offering of Common Stock

ViaSat, a broadband technologies and services company, said late Tuesday that it has commenced an underwritten public offering of 6,500,000 shares of its common stock.

The company said it intends to grant the underwriters an option to purchase up to an additional 975,000 shares within 30 days after the offering.

ViaSat expects to use the net proceeds from the offering for general corporate purposes, which may include financing costs related to the purchase, launch and operation of satellites, potential acquisitions, joint ventures and strategic alliances, working capital or capital expenditures.

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