Synacor, Inc. (Nasdaq: SYNC), a technology development partner for video, Internet and communications providers, intends to offer shares of its common stock in an underwritten public offering, the company said.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Synacor intends to use the net proceeds from this offering for general corporate purposes and working capital. It may also use a portion of the net proceeds to acquire or invest in businesses, products or technologies that it believes are complementary to its own, although it is not currently planning or negotiating any such transactions.
Synacor is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers, and enterprises.