April 2017
Synacor
Canaccord Genuity acts as Left Lead Book-Running Manager on US$20.0 million public offering of common stock for Synacor, Inc.
Canaccord Genuity is pleased to announce that on April 6, 2017, it acted as left lead book-running manager on the US$20 million public offering of common stock for Synacor, Inc. (NASDAQ: SYNC). Synacor has also granted the underwriters a 30-day option to acquire an additional 857,250 shares to cover overallotments, if any, in connection with the offering. The proceeds of the offering will be used for general corporate purposes and to pursue potential growth opportunities.
Reaching 120 million monthly visitors, 120 service providers, 3500 enterprises, 500 million email boxes and more than 1000 web publishers, Synacor is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, device manufacturers, and enterprises. The Company delivers modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. Synacor enables their customers to better engage with their consumers.
