Towerstream Corporation Announces Exercise of Over-Allotment Option ofTowerstream Corporation Announces Exercise of Over-Allotment Option of Underwritten Offering of Common Stock

Towerstream TWER, announced today the full exercise of the over-allotment option granted to the underwriters to purchase 1,350,000 additional shares of its common stock, at a public offering price of $4.00 per share, in connection with its previously announced underwritten offering of 9,000,000 shares of its common stock, bringing total gross proceeds from the offering to $41,400,000.