Lake Street is pleased to announce that it served as co-manager for Clearfield, Inc. (NasdaqGM:CLFD) in its public offering of 1,380,000 shares of its common stock at a price to the public of $100.00 per share for expected gross proceeds of approximately $138 million. The net proceeds from the offering will be used for working capital and general corporate purposes.
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. Our “fiber to the anywhere” platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center, and military markets. Headquartered in Minneapolis, MN, Clearfield deploys more than a million fiber ports each year.
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