Press Release

Ballard Spahr Represents Clearfield in Upsized $138 Million Public Offering of Common Stock

December 16, 2022

Ballard Spahr represented Clearfield, Inc. (NASDAQ: CLFD) in its upsized underwritten public offering of 1,380,000 shares of its common stock at a price to the public of $100 per share that closed on December 9, 2022. Clearfield received approximately $130.4 million in net proceeds before expenses paid by Clearfield in connection with the offering.

Minneapolis-based Clearfield designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. Its “fiber to anywhere” platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center, and military markets. It deploys more than a million fiber ports each year.

Securities and Capital Markets attorneys April Hamlin and Sarah B. Dannecker represented Clearfield in the matter.

For further information, please see Clearfield’s press release.

For media inquiries, please contact Will Ashenmacher at 612.371.5792.

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