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Upland Software prices common stock offering

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Upland Software prices common stock offering

Upland Software Inc. has announced the pricing of an underwritten public offering of 1,860,465 shares of its common stock at $21.50 per share.

The underwriters have also been granted a 30-day option to purchase up to an additional 279,069 shares at the public offering price, less the underwriting discounts and commissions.

The aggregate offering size, before deducting the underwriting discounts and commissions and other offering expenses, is expected to be about $40.0 million.

The offering is expected to close on or about June 12.

Needham & Co. and William Blair are acting as joint book-running managers, and Canaccord Genuity is acting as the co-manager for the offering.