Callidus Software, Inc. (CALD) Prices 5.1M Common Stock Follow-on at $18.25/Share

September 16, 2016 6:28 AM EDT

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Callidus Software Inc. (Nasdaq: CALD) announced the pricing of its underwritten registered public offering of 5,100,000 shares of its common stock at a price to the public of $18.25 per share. CallidusCloud granted to the underwriters an option to purchase up to an additional 765,000 shares of its common stock.

Closing of the offering is expected to occur on September 21, 2016, subject to customary closing conditions.

CallidusCloud intends to use the net proceeds from the offering for working capital and other general corporate purposes.

Piper Jaffray & Co. and Credit Suisse Securities (USA) LLC are acting as Joint Bookrunners for the offering. Roth Capital Partners, LLC, Craig-Hallum Capital Group LLC and B. Riley & Co., LLC are acting as Co-Managers for the offering.

A registration statement on Form S-3 relating to these securities was filed with the U.S. Securities and Exchange Commission and became immediately effective on September 13, 2016 (the "Registration Statement"). The offering is being made only by means of the Registration Statement, including a preliminary prospectus and final prospectus, copies of which may be obtained, when available, from Piper Jaffray & Co., Attn: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone 800-747-3924, or email at prospectus@pjc.com and Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037, or email: newyork.prospectus@credit-suisse.com.



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