Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

TechMediaBreaks – Alarm.com Holdings Inc. (NASDAQ: ALRM) Announces Upsizing of Private Placing

Alarm.com Holdings (NASDAQ: ALRM), the leading platform for the intelligently connected property, announced the pricing of a private placing. According to the announcement, the pricing is $425 million aggregate principal amount of 2.25% convertible senior notes; the placement is for qualified institutional buyers. The company increased the size of the offering from $375 million to $425 million, with the observation that the placement could total up to $500 million if the initial purchasers’ option to purchase additional notes is exercised in full.

Alarm.com anticipates using the funds from the net proceeds of the offering to pay the cost of capped call transactions and to repurchase shares of its common stock concurrently with the pricing of the offering in privately negotiated transactions; remaining funds will be used for general corporate purposes, such as acquisitions or strategic investments. “In connection with the pricing of the notes, Alarm.com entered into privately negotiated capped call transactions with one of the initial purchasers and certain other financial institutions,” stated the press release. “The capped call transactions cover, subject to customary adjustments substantially similar to those applicable to the notes, the number of shares of Alarm.com’s common stock initially underlying the notes.”

To view the full press release, visit https://ibn.fm/09fsy

About Alarm.com Holdings Inc.

Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com’s technology to manage and control their property from anywhere. The company’s platform integrates with a growing variety of Internet of Things (“IoT”) devices through proprietary apps and interfaces. The company’s security, video, access-control, intelligent-automation, energy-management and wellness solutions are available through a network of thousands of professional service providers in North America and around the globe. For more information, visit the company’s website at www.Alarm.com.

About TechMediaWire

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