Frequency Electronics (NASDAQ: FEIM) raises $62.5M in $57.50 share sale
Frequency Electronics, Inc. (NASDAQ: FEIM) successfully raised approximately $62.5 million in gross proceeds through an underwritten offering, selling 1,086,957 new shares at $57.50 per share. Concurrently, selling stockholders also divested 652,174 shares, bringing the total offering to 1,739,131 shares. The underwriters have a 30-day …