Jupitermedia, the network of tech related news and information sites and services, has filed for a follow-on public offering of its common stock. Of the 4.2 million shares to be sold in the offering, 3.2 million shares will be sold by Jupitermedia and another million shares will be sold by stockholders. Jupitermedia will not receive proceeds from the sale by stockholders, it said.
Net proceeds from the sale will be used for general corporate purposes, including potential acquisitions, the company said in a regulatory filing with the SEC.
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