Procera Networks To Sell 3.5 Mln Shares

Procera Networks Inc. (PKT) Plummeted To A New Low After Q4 Miss

Procera Networks Inc. (PKT) Has Plunged To A New Low After Q4 Report

Procera Networks Wins Multi-year Contract From Orange Switzerland

Procera Networks Q4 12 Earnings Conference Call At 8:30 AM ET

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4/10/2012 4:08 PM ET

Procera Networks Inc. (PKT: Quote) Tuesday said it plans to sell 3.5 million shares in a public offering. Procera said it will use the proceeds for working capital and general corporate purposes including potential acquisitions.

Procera intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares to cover over-allotments, if any.

Stifel Nicolaus Weisel is the sole book-running manager, while William Blair & Company is the co-lead manager and Pacific Crest Securities, Raymond James and Sterne Agee are serving as co-managers.

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