Towerstream to Raise $40 Million for WiMAX Services

Towerstream, a leading fixed WiMAX service provider in the U.S., entered into definitive agreements with investors for the sale of 10 million shares of its common stock at a price of $4.00 per share. Lazard Capital Markets LLC served as the lead placement agent for this offering and Canaccord Adams Inc. and Morgan Joseph & Co. Inc. served as co- placement agents.

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