MIDDLETOWN, R.I., Sept. 16, 2016 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq:TWER), a leading Fixed-Wireless Fiber Alternative company, today announced the pricing of a public offering. The offering consists of 2,962,963 shares of common stock at $1.35 per share for a total of $4,000,000 before the underwriter's discount and expenses.

Laidlaw & Company (UK) Ltd. acted as the sole book-running manager for the offering.

About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) is a leading Fixed-Wireless Fiber Alternative company delivering high-speed Internet access to businesses. The Company offers broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area.