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“Since implementing the Data Domain Restorer we have retired the six DLT tape drives and the 126 tapes used to back-up our data stores. We now rely on the Restorer for all our back up and restore needs.” |
Press ReleaseData Domain Announces Exercise and Closing of Overallotment OptionSANTA CLARA, Calif. — December 3, 2007 —Data Domain, Inc. (NASDAQ: DDUP) announced today that the underwriters of its previously announced public offering have exercised their over-allotment option to purchase an additional 538,101 shares of the company's common stock at a price of $27.00 per share, less the applicable underwriting discount. The closing of the additional purchase took place today. Of the shares sold pursuant to the exercise of the over-allotment option, 251,114 shares were sold by Data Domain, Inc., and 286,987 shares were sold by the selling stockholders identified in the prospectus. Data Domain will not receive any of the proceeds from the sale of the shares sold by the selling stockholders. The sale of the over-allotment shares by the company brings the total number of shares sold by the company in the offering to 3,051,114, and the total net proceeds to the company in the offering to approximately $78.0 million.
Contact InformationData DomainMichael P. Scarpelli |
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