Rimini Street (NASDAQ: RMNI), a global provider of enterprise software products and services, announced that it has closed an underwritten public offering of 6,100,000 primary shares of common stock. The company, which is also a leading third-party support provider for Oracle and SAP software products and a Salesforce partner, saw gross proceeds from the sale of approximately $27.5 million; the shares were sold at the public offering price of $4.50 per share. Rimini Street plans to use funds obtained from the public offering for working capital and other general corporate purposes. Roth Capital Partners acted as sole book-running manager for the offering.
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About Rimini Street Inc.
Rimini Street is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. Over 2,100 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. For more information, please visit www.RiminiStreet.com.
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