Internap raises new funding
In 2017, Internap raised $43.0 million in private equity for approximately 23.8 million shares of its common stock at a price of $1.81 per share. The company announced that it would use the funding to repay a portion of its existing loan.
New Activity|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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