LITTLE FALLS, New Jersey,
April 7, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the leading wireless
backhaul specialist, today announced that it has filed a "shelf"
registration statement on Form F-3 with the Securities and Exchange
Commission (SEC). Under the shelf registration statement, once
declared effective by the SEC, Ceragon may offer and sell from time
to time in the future, in one or more public offerings, up to
$150,000,000 of ordinary shares,
rights, warrants, debt securities, units, or any combination
thereof. The specifics of any future offering, along with the
prices and terms of any such securities offered by Ceragon, will be
determined at the time of any such offering and will be described
in detail in a prospectus supplement filed at the time of any such
offering.
Ceragon's shelf registration statement has been filed with the
SEC but has not yet become effective, and until the registration
statement is declared effective by the SEC the securities
registered may not be sold, nor may offers to buy be accepted. This
press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be
any sale of the securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction. Any offering of the securities covered by
the registration statement will only be by means of a prospectus
and an accompanying prospectus supplement.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the world's #1 wireless
backhaul specialist. We help operators and other service providers
worldwide increase operational efficiency and enhance end
customers' quality of experience with innovative wireless backhaul
solutions. Our customers include wireless service providers, public
safety organizations, government agencies and utility companies,
which use our solutions to deliver 4G, mission-critical multimedia
services and other applications at high reliability and speed.
Ceragon's unique multicore technology provides highly reliable,
high-capacity 4G wireless backhaul with minimal use of spectrum,
power and other resources. It enables increased productivity, as
well as simple and quick network modernization. We deliver a range
of professional services that ensure efficient network rollout and
optimization to achieve the highest value for our customers. Our
solutions are deployed by more than 460 service providers, as well
as hundreds of private network owners, in more than 130
countries.
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Ceragon Networks® and FibeAir® are registered trademarks of
Ceragon Networks Ltd. in the United
States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names
mentioned are owned by their respective holders.
This press release contains statements concerning Ceragon's
future prospects that are "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on the current beliefs,
expectations and assumptions of Ceragon's management. Examples of
forward-looking statements include: revenues, growth prospects,
projections of gross margins, operating and other expenses, capital
expenditures, profitability and liquidity, competitive pressures,
product development, financial resources, cost savings and other
financial matters. You may identify these and other forward-looking
statements by the use of words such as "may" "plans" "anticipates"
"believes" "estimates" "targets" "expects" "intends" "potential" or
the negative of such terms, or other comparable terminology. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including the
risk that Ceragon's expectations regarding future revenues and
profitability will not materialize; risks relating to the
concentration of our business in India, Latin
America, Africa and in
developing nations in other regions, including political, economic
and regulatory risks from doing business in those regions and
nations, including in relation to local business practices that
may be inconsistent with international regulatory
requirements, such as anti-corruption and anti-bribery regulations,
currency export control issues and recent economic concerns; the
risk that the business coming from our bigger customers will go
down significantly or cease, the risk that Ceragon will not achieve
the benefits it expects from its expense reduction plans and profit
enhancement programs, as may be implemented from time to time; the
risk of significant expenses in connection with potential
contingent tax liability; and other risks and uncertainties
detailed from time to time in Ceragon's Annual Report on Form 20-F
and Ceragon's other filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
Company & Investors Contact:
Doron Arazi
+972-3-5431-660
dorona@ceragon.com
Claudia Gatlin
+1-212-830-9080
claudiag@ceragon.com
Media:
Tanya Solomon
+972-3-5431163
tanyas@ceragon.com
SOURCE Ceragon Networks Ltd