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Micro-cap private network provider Full Spectrum sets terms for $15 million IPO

September 2, 2016
FMAX

Full Spectrum, which develops and sells products used to create private cellular networks, announced terms for its IPO on Friday.

The Sunnyvale, CA-based company plans to raise $15 million by offering 1.9 million shares at a price range of $7 to $9. At the midpoint of the proposed range, Full Spectrum would command a fully diluted market value of $55 million.

Full Spectrum was founded in 2006 and booked $1 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol FMAX. Joseph Gunnar & Co. is the sole bookrunner on the deal.