Datalink To Sell 3.30 Mln Shares Through Underwritten Public Offering

(RTTNews) - Datalink Corp. (DTLK), a provider of data center infrastructure and services, announced Monday that it plans to offer and sell 3.30 million shares of its common stock in an underwritten public offering.

Datalink stated that it also plans to grant the underwriters a 30-day option to purchase up to an additional 495,000 shares to cover over-allotments, if any. The company plans to use the net proceeds from the offering for potential acquisitions of other businesses or technology that will complement its current business model and growth plans, although it has no present commitments or agreements to do so. Any amount of the net proceeds of this offering not used for acquisitions will be used for general corporate purposes.

Canaccord Genuity Inc. is acting as sole book-running manager for the offering. Craig-Hallum Capital Group LLC and Needham & Company, LLC are acting as co-managers for the offering.