Finisar Closing Public Offering of Common Stock

Net proceeds were $118 million.

This is a Press Release edited by StorageNewsletter.com on December 29, 2010 at 3:23 pm

Finisar Corporation announced the closing of its previously announced public offering of 4,140,000 shares of its Common Stock at a price to the Company of $28.54 per share.

This closing included the sale of the 3,600,000 shares originally offered by the Company as well as 540,000 additional shares sold by the Company upon the full exercise of the underwriter’s over-allotment option. Total gross proceeds of the offering were $118,155,600. Net proceeds to the Company were $117,900,000, after deducting estimated offering expenses.

Credit Suisse Securities (USA) LLC served as sole underwriter for the offering.