Jupitermedia Raises $35 Million in Follow-On PO

Jupitermedia has raised about $35 million in a follow-on public offering of about 4.2 million shares, priced at $8.30 per share

Jupitermedia expects to use the net proceeds from this offering for working capital and general corporate purposes, including potential acquisitions and the repayment of all of outstanding indebtedness incurred by Jupitermedia to finance its acquisition of Comstock Images on April 1, 2004.

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