Kirkland, WA-based wireless Internet service company Clearwire (NASDAQ: CLWR) said late Monday that it has raised an additional $290.8 million through a public market rights offering. The company said its shareholders exercised rights to purchase approximately 39.7 million shares of Class A common stock for the aggregate price. Back in November, Clearwire received a $1.5 billion investment led by Sprint Nextel, much of which was given in support of the company’s WiMax broadband network, which rolled out in Seattle in December.
Author: Thea Chard
Before joining Xconomy, Thea spent a year working as the editor of another startup, the hyperlocal Seattle neighborhood news site QueenAnneView.com. She holds a bachelor's degree from the University of Southern California, where she double-majored in print journalism and creative writing. While in college, Thea spent a semester studying in London and writing for the London bureau of the Los Angeles Times. Indulging in her passion for feature writing, she has covered a variety of topics ranging from the arts, to media, clean technology and breaking news. Before moving back to Seattle, Thea worked in new media development on two business radio shows, "Marketplace" and "Marketplace Money" by American Public Media. Her clips have appeared in the Los Angeles Times, the Santa Monica Daily Press, Seattle magazine and her college paper, the Daily Trojan. Thea is a native Seattleite who grew up in Magnolia, and now lives in Queen Anne.
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