Upland Software Prices Share Offer

Upland Software, a provider of cloud-based enterprise work management software, said early Wednesday it priced an underwritten public offering of 1.9 million shares of its common stock at $21.50 per share, equal to a 2.5% discount relative to the stock’s Tuesday closing price.

The aggregate offering size, before deducting the underwriting discounts and commissions and other offering expenses, is expected to be approximately $40.0 million. The offering is expected to close on or about June 12, subject to customary closing conditions.In addition, the underwriters have been granted a 30-day option to purchase up to an additional 279,069 shares of its common stock at the public offering price, less the underwriting discounts and commissions.

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