Meru Networks Announces Pricing of Public Offering of Common Stock

      Meru Networks Announces Pricing of Public Offering of Common Stock

PR Newswire

SUNNYVALE, Calif., Feb. 27, 2013

SUNNYVALE, Calif., Feb. 27, 2013 /PRNewswire/ --Meru Networks, Inc. (NASDAQ:
MERU) today announced the pricing of an underwritten public offering of
3,000,000 shares of its common stock at a purchase price of $4.00 per share.
Gross proceeds, before deducting the underwriting discounts and commissions
and offering expenses payable by Meru, are expected to be approximately $12
million. The offering is expected to close on or about March4, 2013, subject
to satisfaction of customary closing conditions. Meru has granted the
underwriter a 30-day option to purchase up to 450,000 additional shares of
common stock to cover overallotments, if any. Directors and executive
officers of Meru Networks will purchase shares from the underwriters at the
public offering price.

(Logo: http://photos.prnewswire.com/prnh/20100621/SF23611LOGO)

William Blair & Company, L.L.C. is acting as the sole book-running manager of
the public offering.

The offering is being made to purchasers pursuant to an effective shelf
registration statement that was previously filed with the Securities and
Exchange Commission, or SEC. A preliminary prospectus supplement relating to
the offering has been filed with the SEC and a final prospectus relating to
the offering will be filed with the SEC. Copies of the final prospectus
supplement and accompanying prospectus, when available, may be obtained by
contacting William Blair & Company, L.L.C. at 222 West Adams Street, Chicago,
IL 60606, Attention: Prospectus Department, by telephone at (800) 621-0687 or
by email at prospectus@williamblair.com. Electronic copies of the final
prospectus supplement and accompanying prospectus will also be available on
the website of the SEC at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy shares of common stock of Meru Networks, nor shall there be
any sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.

About Meru Networks

Meru Networks (NASDAQ: MERU) designs, develops, and distributes virtualized
wireless LAN solutions that provide enterprises with the performance,
reliability, predictability and operational simplicity of a wired network with
the advantages of mobility. Meru Networks eliminates the deficiencies of
multichannel, client-controlled architectures with its innovative,
single-channel, virtualized network architecture that easily handles device
density and diversity. Meru's wireless LAN solutions are deployed in major
verticals, including Fortune 500 businesses, education, hospitality,
healthcare and retail supply chain. Founded in 2002, Meru is headquartered in
Sunnyvale, Calif., with operations in North America, Europe, the Middle East
and Asia Pacific. Visit www.merunetworks.com or call (408) 215-5300 for more
information.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995, including, but not limited to, statements concerning the completion,
timing and size of the proposed offering. All statements other than statements
of historical fact are statements that could be deemed forward-looking
statements. These statements are based on management's current expectations
and beliefs and are subject to a number of risks, uncertainties and
assumptions that could cause actual results to differ materially from those
described in the forward-looking statements, including, among others, the
ability to manage successfully and complete the public offering, the general
economic and/or market conditions and the risk factors set forth in the Meru
Network's filings with the SEC, including Meru Network's Quarterly Report on
Form 10-Q for the quarter ended September 30, 2012 and the preliminary
prospectus supplement related to this public offering. Meru Networks
undertakes no obligation to update the forward-looking statements contained
herein or to reflect events or circumstances occurring after the date hereof,
other than as may be required by applicable law.

Press Contact:
Parallax Public Relations for Meru Networks
Wilson Craig
+1 408 516 6182
wilson@parallaxpr.com



SOURCE Meru Networks, Inc.

Website: http://www.merunetworks.com
 
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